Well this is a first.
For some reason I keep getting an error trying to continue the previous post so I’m just going to continue here. Sorry about that but it’s too early on a Sunday to wake up the programmers. So, where were we? Oh yes, we had just finished getting full circle back to last weekends post, where we reiterated bearish postions. My target for this week kept falling from 10,700, to 10,500 to 10,200 as we lost all confidence in the ability of our indexes to recover and, of course, Europe fell quickly apart:
Monday Monetary Madness – Ewwwwro!
It’s amazing how quickly people can lose faith in one of the World’s 3 major currencies. So amazing that I can’t believe you can sleep at night! Have I mentioned how much I like TBT lately? The Euro dropped from $1.51 in November to a low of $1.21 on Tuesday, that’s our 20% rule, by the way and a retrace to $1.27 (20% of the drop) is not going to be very impressive until we’re well over it.
IN PROGRESS
