Liquidity and Complacency

“In the beginner’s mind there are many possibilities, but in the expert’s there are few” – Shunryu Suzuki,

Over-night action confirmed what we have been discussing for a long time now: Liquidity and Complacency are a very big concern. If you are new to the blog, we would suggest you go through recent posts and Weekly Outlook Videos to get up to speed with our thinking.
Our bigger picture call for USDJPY into the 100 mark remains unchanged but for the time-being downside targets on the recent swing are done and we will review this in today’s webinar.
No change to AAPL too. What many called a ludicrous roadmap is moving along nicely..
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