| Subject: | Swiss Franc (CHF) In the Blow Off Phase |
|---|---|
| Date: | Mon, 1 Aug 2011 10:26:29 -0700 |
| From: | Jas Jain |
Swiss Franc (CHF) In the Blow Off Phase
Currencies trend and the trend always breaks at a certain point and sometimes with a blow off phase, as was the case for Japanese Yen in 1995. Today's CHF price range: $1.2582-$1.2944 (almost 3%), after making successive new all-time highs, is a classic sign of a blow off. We would only know after the fact as to how far the blow off took the price. Anyone smart would not hold CHF at the current price; USD and Euro are better relative values.
Jas
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