Replies to post #28788 on The TradingEdge

[jxyzobrien]

Fear
We just don't know the outcome of china tonite. I thought the vix topped and we would get a rally. The bounce was just sideways. I would assume at
least some selling in china tonite.

They will not devalue the yuan tonite but the selling was abated by the
circuit breakers. Just amazed they would change the rules in the middle
of the game.

[jxyzobrien]

3 oclock sellers
Guess no one wants to hold over nite. can't blame them.

[jxyzobrien]

YUAN
People think currencys or a market can be manipulated. This is just
false. The currency or market will go where it is supposed to
eventually. So the yuan will go lower.

The market will eventually decouple from china. When the yuan gets hits
and the US market ignores the move. Then the market will use something
else.
The china market ($ssec) must make new lows

china currency news


http://www.cnbc.com/2016/01/07/peoples-bank-of-china-sets-yuan-fix-at-65636-versus-65646-thursday.html