YIKES – I made a “rookie” mistake –
folks, mea culpe on the LOONIE chart from this AM. I did the entire monthly work on the LOG SCALE.
I was looking to short the USD vs LOONIE in around/here but it just wasn’t computing. I firmly believe in intermarket TA and w/ the OSX and Crude getting crushed this just didn’t make sense? How could all these measured moves and numbers be coming together IF I didn’t have the same patterns coming w/ the oil complex. T I L T …
I have VERY powerful targets on crude in/around 25-27 and they correspond to the OSX lower so … I made a mistake and was wrong.
Will update the Loonie tonight … don’t short around here.
Mea Culpe …