Tuesday, March 3, 2015

Time for Australia to turn around?


2 leading indicators are flagging oversold and showing signs of improvement. 1 has already generated a buy signal. The other is almost about to.

The lagging indicator is about to signal a confirmation with a crossover soon.

The last time this happened was mid 2013. I increased the absolute size of my trading account by 140%. Talk about using sick amounts of leverage, amirite?

I'm not saying anything will happen for sure, but it does kind of seem likely, doesn't it? But with everyone bullish on the USD, maybe I'm being played for a sucker. I'm stepping aside for this one, but watching it very closely.

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