Replies to post #93323 on Simple's Green Room

[gitonwithit]

Heck yes if you're short. That is probably going to determine whether tomorrow is risk on or risk off. Personally, I think if it can't go up on unabashed exuberance at investors taking a 74 percent haircut in their investments then where else can it go? Probably going to be some repatriation flows come out of all this too but I couldn't fathom whether they might be risk on or risk off oriented.

[pennies2007]

Yes on both counts. Bad news from China is bad for everyone, markets included.

A break below 1.0590 will definitely set up more bearish conditions.

Still looking for 1.0430 but actually expecting 1.0375 at the bottom.