“Matches and targets” We are a big fan of Charles Nenner’s model work. His targeting system and model work for ( TREND) breakdown’s is par excellence. Yesterday was a perfect example on how to use his technical work. Gold,Aud/Usd, Usd/JPY and the 30 yr Bonds all stopped at his levels for trend reversal. This is what I like to call matches. The more instruments that line up the merrier and the greater the probability that things stop the directional flow and reverse.

Today..will be one of those technical days to trade. 83.50 USD/JPY becomes big with stops below matching a double top on the daily in the Yen Futures @ 119.80 ish.

We would like to nibble on the long side of the Oil on any weakness today.

Bonds/TBT…sometimes it pays to close your eyes and let your closing stops do their job. We’re still in!

Consult your short term maps it looks to be one of those days.