ETF CORNER

YCS : Double short Yen.

Based on this morning's post (Click Here) here is what we can be expecting for YCS (Double short FXY) in the intermediate term.

FXY : Time for some YCS ??

Time to load on some double shorts on the Yen ETF : FXY ??? This could be a good time to do some shopping with YCS !!

FXY : Right Shoulder !

On the last post on FXY (Japanese Yen) the bounce I've been looking for at $108 has worked well (Click here) ! I am now anticipating a right shoulder between$110 and $111(max) before a much bigger plunge towards $106 .. and even $102-$103 in the much longer run !!

FXY : Yen bearish reversal !!!!

Well well well ... I don't post on FXY (Currency Japanese Yen) too often ! The last post was on June 16 th (Click Here) where i had a bullish view on FXY !! My target back then was around $112-$113 ! Suffice to say that the target has been reached ! Now frankly, I'm really starting to think the opposite : I am going to start leaning Bearish ! FXY is going to produce a downside reversal in coming week or two ! My next target for early 2010 is ... (drums please) $102 !! I suggest looking to buy YCS (Double short FXY) in the short term. For those who hold YCL(Double long FXY) it's time to be smart a book some profits !!!