Predictable

Predictable

Such were the materially large moves in Ukraine’s equity and FX markets over the past ~10 trading days, per the transparent technical patterns in the chart below, which portended that both were on the verge of transpiring.

Of course, the rub in sourcing moves like this before they occur is that one must tune out instead of in, cease trying to “get smart” by reading useless rags like the WSJ or whatever economic blogs one wastes their time on, and begin pursuing the knuckle-dragging task of letting the only things that matter, prices, tell the only story that matters, which is whether the next move will be up or down.

2014-02-28 Ukraine Equity Index Daily - UAH Weekly