Shanky's AUD/JPY Update

Well on 06/01/12 in the Shanky Does the AUD/JPY post, I left you with this chart and this description -

"And there you have it - extreme LT support. Can they hold it here or does the inevitable happen. This is their breaking point and must be defended here.

Morning Post 10/20/11, SPX, Oil, Gold, Silver, AUD, EUR, UDS, JPY

OK - Let's go over this one last time for you Modern Economics 101 students - Greece can't afford jack shit and are so in debt they can't pay back what they owe. How do you solve this problem? You simply give them more money. Got it? You may be tested on this later, so I wanted to make sure you understood this.

Today you simply keep pumping money into the system to keep it alive. Fix the issue? Fuck no! That would be to friggin hard and cost to many politicians their jobs.  You do what you can to keep it alive for as long as possible and when it finally implodes you blame it on someone else and say that no one could have seen the problems coming. 

You do realize that greeting Greece out of trouble this time will only keep them alive for another month or two. Rinse/repeat. At some point the repeat part of that statement will not occur. 

Morning Post 10/04/11, SPX, AUD, EUR, JPY, Gold, Oil, USD

"Overnight saw credit markets crushed overseas in Australia and Asia,
Europe continue to sink into the abyss and now pre-market equities in
the US are showing serious weakness with no sign of a bounce." FINal(er) Countdown | ZeroHedge

I'm not sure how long I have been telling you i is all about EU liquidity, but it has been a while. Nothing works without lubrication. Friction is bad. European Liquidity Update: Horrible And Getting Worse | ZeroHedge

I do not know about you, but I think there will be a tradeable event at 10:00 when Helicopter Ben speaks. I HIGHLY suggest you watch this - Bernanke Testifies To The Joint Economic Committee; And The Balance Of D.C. Theater For The Week | ZeroHedge

Morning Post 09/29/11, USD, AUD, EUR, JPY, Gold, Silver, Oil, SPX, DOW, Copper

I guess you could assume a rise in GDP and a much better than expected jobs number  would have been dealt by the dealer with the loaded shoe this morning given all the surrounding economic data. How GDP ticks up I have no clue, but one thing is for sure, the economists will have overestimated (as they always do) and the slide will continue sooner than later. As for the jobs number, other than the fact a -391 print is still nothing to crow about, you had to assume they were saving this "surprise" for a key moment when most needed.

Another EFSF vote and more hope. Nothing is stable here or across the pond. The EU issues have been a marvelous distraction from all the issues here at home.

Last night I went ape on the system and all the oppression and spying going down. We are being stripped of our freedoms. I suggest you read this - Shanky's Technical Analysis and Market Commentary: Afternoon Delight 09/28/11 Mini Rant 

Let's have a chartfest shall we! Take note of how many channels are in play across all the charts.

Gold - Pretty sure I noted the 1571 level and all the support there. STB is pretty solid on $1500 being as bad as it gets (for now - if it even gets there).

FX Chartapalooza Copper, Silver, Gold, Dollar, Oil, AUD, EUR, USD, JPY, CHF

Don't forget to vote in the new poll ======>

I don't so these all that often, bus since I am tired of talking about all the downgrades and lies about salvation, and since I have not covered most below in some time ..........

Note - all the below should scare the hell out of you (and I am not including the markets). This looks like epic collapse and no stick save option is available.

Welcome to Chartapalooza!

/dx - US dollar - Breaking out above long term down trend. After a 40% devaluation off the 2001 highs you had to figure a rally would have to occur at some point, right? How great is the fear around the globe right now? Well, if they are flocking to the greatest fiat on the planet, that would conclude your lesson on how this global economy is the greatest farce ever manufactured. $81 and $88 are the best two targets here if this improbable run can continue.