Last week’s saw tooth pattern was a worry to me as much as the bg ranges we are starting to see in USDJPY and the weakness in AUDUSD. It all looks a bit wobbly to me. Of course regular readers know I have held the “stability leads to instability” view for a while now. But it looks like my theory could be gaining currency as the market heads toward the start of October – the month when the Fed will end its unconventional quantitative easing program. Indeed, noted US fund manager John Hussman has issued a note this morning titled “The Ingredients of a Market Crash” which highlights the breakdown of what he calls “trend ... (full story)