Friday, September 06, 2013

Action Determines Character

























With EPD continuing its "high pole warning" signal, I closed my position and retreated to the sidelines waiting character revealing actions in the Middle East.

I have no positions in the stock market for now.  I remain short the AUD/USD.  I attribute this week's rally in the OZ to the market pricing-in the change of government after tomorrow's election.  The more conservative government may be good for the Australian $, but time will tell.

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