By the way, if this swissy QE doesn't work out as planned by the swiss bank, then real intervention would have to be applied I assume, and I assume it will be applied. So the question in my mind is how much longer will they allow the franc to move up before intervening? And, how much of a reversal could we expect once they do intervene? I guess I'm going to just add lightly every 100 pips or so until they do get the tiger by the tail, and then see what comes of it all, but this is the first formal authoritative announcement of a possible bottom to what looks to be a bottomless pit chartwise. I'd love to go all in here, and let the position ride for a few months, but I just don't dare! I just don't trust a reversal based on what my eyes are telling me when I look at the U/C chart.
