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 …

Bart

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: