2008-10-16

Volatility

Looks like this:



I'm no financial/market maven. I think candlesticks are useful when there's no electricity, lines of resistance are guerilla tactics and Fibonacci is an Italian fashion designer.

But I would hazard a guess that, at present, no one knows what the heck is going on.

And it's also very interesting - like being a gawker at a recent traffic accident.

1 comment:

The Scylding said...

I heard one interesting explanation: People are trying to make their own, rational decisions - hence the absence of any mob behaviour, which underlies most trends. The only trend is the fleeing into US$, with the resultant shortage of $ in emerging and associated markets, with huge falls in their currencies - the SA Rand was at 7.88 against the US early-September, and yesterday and today it oscillated between 9.95 and 10.67. Crazy.