as below possibility to buy at support,or pivot deeper 1.55/4, 1.3

3130 and 5610 short term pivot...

acts as support we buy, support breaks we sell

target for sell previous low from november and lower, this maybe bottoming so longs also advised after smallish short (bottom may be built december or later into jan)

U-J may show contrarian moves whilst other majors settle too

new pivot at 1,64 GBP and eqiv in others

nice little extension in majors, we think when it finishes GBP will see 6400 level and then some reversion as dollar regains correctively into first months of 2012

gbp support 1.53 to 1.56, to contain uptrend or 2nd wave of down...

...and watching .88 area in AUD/USD

Yen uncertain, needs prime analysis on question of intervention

FTSE and DOW seem to be settling against 5000 and 10000 respectively

many surprised, big rally in AUD n GBP targeting 1.6

possible extension to 1.55/56

buy on a dip or short failure

GBP BOzone 1.48 - 1.54 n stable AU/US later oct/nov

GBP reached target zone, but room to 1.54 now on the squeeze, box between 1.48 and 54 is breakout zone for now, and watch stabilization against 1.48 to cancel drop

au/us could stabilize through to oct/nov

å GBP to 4891 before short again

use GBP as gauge for all other currencies, so am long towards 4891 area, then reversion...

hold shorts or scalping to the downside, watch pbs

watch tech pull-backs for reshort, current bear continue through to Autumn

update: GBP ABOVE 1.54, careful holding for longs or quick shorts

GBP breaks to top of range and whilst stays above 1.54 for long, EUR also reaching top of the bottom range, failure at current price should cause another mid-to-short-term drop

AUD supported so will have to see the extent of any drop caused by other sell-offs and see how liquidity is redirected

∑ GBP or EUR short brewing, UJ rises to just under 94

have reached kind of pivot point B in an ABC move, where the destination C may be up towards 1.6 or back down... 1.4 could be final area for bears

UJ rising to new high, may have set new bull trend and may leave GU and EU churning in range or further fall in longer time, but now also presents shorting opp

update

monday now we see where AUD and majors (gbp, eur) sentiment (hope there was some benefit in good AUD moves last few days)

update (GBP i did stop near zero, but could hold from now)

ok so UJ did spike back up to the average mid area for last 6 mnth

AU has come back to 91 and continuance confirms

exited GBP by ground zero and waiting for new entry, could hold now but confirmations can come through bit of time sidelined

update

no spike in UJ but slowly rising sideways, so viability of G prents long
ditto aud short
confirms to come soonest to the pateinet

AUD/USD update

look to long from pb to 9020?, but risk possible fuller reversion so look for break above diag thereof and check for new bottoms on stochs same chart; lower reversion levels .88 and .86

∑ watching for end/interim for majors bear trend - made GBP long

opened GBP long, will cover at 5200, but look for 1.55/56 - buying on dips within this range if trend holds

also keeping an eye on AUD/USD for further breakdown, and then to go long, but careful as kind of top in place already

interesting article on S&P comparison

see The Big Picture - http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2010/02/sp500-swing-analog-1938-1974-2003/