WILL THE MARKET CRASH?

That's what DailyFX thinks. Read it here. And the market charts on the Dow and Nasdaq clearly show a DOUBLE TOP if we do not gap up post Non-Farm Payrolls on Friday. See it for yourself. And we did get a "blowoff top" on the Hang Seng on Tuesday.

Source: Redoption
It's an interesting theory, which says that October is usually a tough month capable to springing up surprises. Let's see if this theory pans out. I really don't care where the thing goes, as I am more of a "hedged" neutral trader.

Tommorrow (Friday) is NFP so the markets will eventually resolve itself and we should be getting some good directional trades. For those of you wondering how to trade the NFP, go here. If if the markets really tank (USD goes up), then it would only be logical to buy the yen all the way down. I'll be revealing my stocks and covered call positions going into tommorrow's NFP so stay tuned.

Chief Shook