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 …


Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets.

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