About Currency Currents

With Currency Currents, you can stay tuned-in to our current global-macro view and our analysis of key investment themes driving currency prices.

We consistently focus on the key asset classes responsible for the flow of global capital -- including equities, fixed income, commodities and, of course, currencies.

Nothing is off limits to us in this free-wheeling look at the markets. Some days you’ll receive ramblings on trading psychology, while other days we may take an academic approach in explaining esoteric economic issues. Ultimately we have one goal in mind: to help you get a handle on the key investment themes driving global capital flow. Because if you know where the money is going, it increases the probability that your position in the market will be a profitable one.

Who is Jack the Pipper?

Jack Crooks is Black Swan Capital LLC, President and Chief Trading Officer.

Jack is founder and president of Black Swan Capital LLC. He has also operated a discretionary money management firm specializing in global stock, bond, and currency asset management for retail clients. In addition, he was general partner in a firm specializing in currency futures and commodities trading. Neither firm is now in operation.

Prior to entering the investment arena, Jack worked in various corporate finance positions. He has written extensively on the subject of global currencies and international economics.

Del.icio.us Bookmark

Technorati Favorite

Latest Posts

October 2011

S	M	T	W	T	F	S
						1
2	3	4	5	6	7	8
9	10	11	12	13	14	15
16	17	18	19	20	21	22
23	24	25	26	27	28	29
30	31

Our Wave View is Scary - 5,100 on the Dow before this is over!

Posted 22:05 13 October 2011

Quotable

"It is better to be looked over than overlooked."
Mae West

Commentary & Analysis
Our Wave View is Scary - 5,100 on the Dow before this is over!

It didn't matter which market we were watching - currencies, commodities, stocks - they had become oversold after a plunge throughout the month of September. We expected a bounce and positioned our members accordingly. It is paying off so far.

And as we currently see it, this is only a near-term correction that is going to be resolved in another major market collapse.

What we have seen so far, we believe, is just the begging of what could be a major leg down in the stock market--the C wave. It runs fast and deep. It is the most powerful of the waves.

This is a very scary view. But based on our long-term Elliott Wave count, it seems plausible. Dow Jones Industrial Average Weekly:

As those who follow us regularly know, we are big fans of using Elliott Wave principles to pinpoint trade setups. We recently came across an article from Elliott Wave International (posted below) that does a good job of establishing the technical justification for another steep market decline.

Give it a read - you'll learn a lot in just five minutes.