ForEx markets acting erratic

The Kin · Oct 8, 2008

YEN just crossed 100 in the blink of an eye.

RoughTrader · Oct 8, 2008

Quote from The Kin:

YEN just crossed 100 in the blink of an eye.

YM is jumping around too. Already about 200 points to the downside tonight.

I have never seen this kind of action before, my jaw is dropping....

rt

S2007S · Oct 8, 2008

This is just getting completely out of control. At the rate everything is moving there will be no economy in 24 hrs.

I don't think anyone understands that nothing is working. This crisis is so huge it cannot even be fixed.

The Kin · Oct 8, 2008

Quote from RoughTrader:

YM is jumping around too. Already about 200 points to the downside tonight.

I have never seen this kind of action before, my jaw is dropping....

rt

Well, so much for bottom is in. Proof ET is the ultimate fade, even if you make the post yourself.

The Kin · Oct 8, 2008

100.1 on yen, we bounced therefore we're saved! We should retrace to 101 any second now.

ByLoSellHi · Oct 8, 2008

Yen will break below 100 again, IMO.

The much anticipated, full-on unwind may be upon us.

MrDODGE · Oct 8, 2008

Quote from ByLoSellHi:

Yen will break below 100 again, IMO.

The much anticipated, full-on unwind may be upon us.

Good, lets get this shit over with and see Dow 7,800 tomorrow.

S2007S · Oct 8, 2008

Quote from MrDODGE:

Good, lets get this shit over with and see Dow 7,800 tomorrow.

I agree the longer they prop these markets up the longer this will take.

The Dow should have been at 9000 back in late 2007.