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IMO another +2-3% is available in NDX as we discussed b4. Of course these are just opinions.

Book perfect divergence in Yen monthly chart. It doesn't get more perfect than that & the current top of this quad divergence is pips away from the all time high. BOJ keeps sending messages of not letting the Yen advance beyond the all time high. I mean... Jeez Louise Peppa Cheese!!!! What...

It's quite simple - with added paper banks buy Gold. If they know that QE has limited ability to ignite the US economy (perhaps no ability at all), then why go ahead with it this time round?

That basically means 80 is protected by BOJ, for the time being. If price starts testing 80, then BOJ will probably flood the market with paper. That suggests that monthly 20 SMA is still likely unless the FED comes out with further easing within the next 6 months.

RPT-BOJ holds off on easing policy as yen stable post-Fed TOKYO Nov 5 (Reuters) - The Bank of Japan on Friday kept interest rates at zero and held off on easing monetary policy, as the Federal Reserve's bond buying plan did not trigger yen gains sharp enough to warrant an immediate policy...

* BOJ meets for 2nd day debate, decision likely 0330-0500 GMT From DailyFX: Sometime today, likely in the next several hours, the Bank of Japan will announce its latest policy decision. This particular meeting was actually scheduled for November 16th, but at the last meeting on October...

Mr Topstep "...buy every dip..." http://www.youtube.com/watch?v=RT9CX9KzXAA&feature=youtube_gdata_player

Not according to Oanda and Dukascopy

Well, good luck. It seems to be the only currency that hasn't reacted that much to QE2...double repo on daily now too...BOJ will not let it drop much past 79.75...& what about GBPJPY? Retail traders win or what? ;)

Yet it doesn't look as extreme in other futures.

Hey Lawrence, What about Gold futures where for almost 20 years I believe commercial traders are net short & large specs are net long similar size? So commercial side is the "stupid" one? Imagine if & when they decide to cover? Jeez!!! No Hunts this time like in silver. Walayat does suggest...

Perfect time 4 a bump WTG Romik

Ok, what am I looking for?

Do you mean from Oct 28th?

Hehe, I would say that it is not quite possible to come to a firm conclusion which drives which, sometimes price change is a consequence of a certain change in fundamentals & other times fundamentals change because of a price change (new Lows).

TY! I will quote Nadeem Walayat regarding USD (in fact I tend to quote him a lot recently as his explanations past & present make so much sense to me). BTW he has a very interesting explanation as to why Japan DID NOT got through a deflationary decade, scroll about half way down...

Do you mind me asking rebound where from & why? TY!

I was referring to magnets on monthly chart, YM +, ES almost +, NQ 2,256 hasn't been reached, say 2,250 to round it of.

I view NDX as the driving force when looking at the 3 indexes, due to that I agree with your target ;)

But I doubt it has much higher to go in current move from 23 July, FED hasn't really surprised this time round.