FOREX TRADERS

[Relentless Despot]

More doom, heavy on the gloom.. But does jive with my assertion the DOW is culminating a head and shoulders pattern.

This isn't forex specific but it will obviously have a huge impact.

http://www.zerohedge.com/article/smart-money-preparing-sell-never?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+zerohedge/feed+(zero+hedge+-+on+a+long+enough+timeline,+the+survival+rate+for+everyone+drops+to+zero)

The simple observation: dumb domney continues to be at near record bullishness (IBD, AAII surveys), gold market timers are only 40% in, the smart money is short/hedged in size like never before, mutual funds have the lowest cash level on record, and have experienced 29 consecutive weekly outflows which have so far been compensated for broad NAV declines through artificial price increases: that will very soon end. We have heard through sources that following last week's HF insider trading probe redemptions requests at many of the implicated hedge funds* have gone through the roof. They will all have to sell some/many of their liquid holdings into the year end. Our only question: aside from the Primary Dealers, the HFT momentum traders who have no balance sheet, and the Federal Reserve: who is there to buy?