Good to see the market not ramping, but if Berlusconi resigns sometime this week, the market will take off like no one’s business because the yield on the Italian 10 yr will sink immediately. This is stops week, I guess.
We hit 1271.17 spx, which is pretty close to my original target of 1273, where the 200dma came in. At this point, it’s looking like the high is likely in. I went short yesterday (a day early as usual), but I’m happy to be short right now.
If today’s price action mimics yesterday’s price action, I might go ballistic.
The one world currency (or its prelude). That’s one way to control a country without elections.
I have so much respect for Iceland for telling everyone else where to stick it…
Nice.
Good to see the market not ramping, but if Berlusconi resigns sometime this week, the market will take off like no one’s business because the yield on the Italian 10 yr will sink immediately. This is stops week, I guess.
Too funny!
We hit 1271.17 spx, which is pretty close to my original target of 1273, where the 200dma came in. At this point, it’s looking like the high is likely in. I went short yesterday (a day early as usual), but I’m happy to be short right now.
That 1273 spx area (the 200dma) is acting like a magnet and could be the final high before the collapse?
We have a 125.37 FP at 8:01 am this morning…
http://en.wikipedia.org/wiki/Special_Drawing_Rights
where we’re heading inho
http://3.bp.blogspot.com/-6d1Jihc6fsM/Trkc5C1HaWI/AAAAAAAAAfM/yiW-lF4xS-U/s1600/nas+nyse+vol.png