A.M. Look 9/20/10

The Aussie and metals


All of the above are at or near last weeks highs…

This creates the potential for double top patterns on the weekly charts..

Pay close attention this a.m for price action around those highs for either

follow through or price rejection.


Grains….it looks like I missed this last wiggle up…

leave a resting order to buy the JJG at 43.80..

I am not chasing the grains..I am hoping I do not miss another 10% up from here


Euro….The Point & figure chart pattern in the Euro shows that this is forming up

for another move, which ever way it goes out of this 100 point area. The bottom

of the zone is 130 ( which would tgt the 129 level) above 131.50 ( the euro remains strong)


Spu…The S&P looks to be caught in a 10 point range…

The only question you should be asking yourself is whether or not they can mark them higher

into qtr end. If they start up the Aussie will show strength over the recent highs.


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