The beauty of global linkages and integration is getting reflected in charts of riskier assets be it stocks, currencies and commodities.
The Most interesting thing is that many of the riskier assets like nifty and euro and dax are meeting their down side targets on the same day and making similar patterns on daily charts with similar readings of RSI to augment the case of return of risk appetite.
The confluence of bottoming signals in various asset classes add confidence to the case that we are entering a risk appetite zone where go long on stocks, currencies and exit and short usd and treasuries.
The down moves in riskier assets is completing their wave counts and at least we are entering a rally in them. For the moment, board the train and let the patterns develop further to give us clues whether its a relief rally in the making or something bigger.
Taking Risk Again.
