A.M. Look 10/29/10

Key weekly #’s..Today is month end…


Copper 372

Aussie 96.60

Euro 136.97

Eur/Gbp 87


Closes below these levels complete outside reversal patterns.

These are so called risk off patterns. They are reflective of a price negative stock

picture.


Eur/Gbp…This cross is trading right on the #…it will be interesting to see which one leads.

You have a weekly double bottom at 156.80 and a break out over 160.10 in the straight Gbp/Usd


TBT 34.13

USD/JPY 80.84


Every technician in the world is watching 82 Usd/Jpy for an upside dollar break out against the Yen.

Price negative yen…80.84 Usd/Jpy ( app 123.77-80 Dec. futures) If we close under this dollar level the most

I’d consider doing is flattening out my YCS position. I am not a yen bull.


TBT…a close over this level today and I am adding to my rising interest rate bet by adding another

piece to this position


Bonds are in a 1 point range between 130.20-129.18… Time will tell which way we go.









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