Tuesday, 30 November 2010
Sunday, 28 November 2010
Saturday, 27 November 2010
Spain posted an ugly black candle this week.I noticed we had a 44 point range down,then a 22 point range (half 44) and also that the recent high was 44 ...Gann said pay attention to numbers ! I am not saying the market will decline to 22,but it is definitely on the radar screen !
Not a pretty week in Europe,while in the US bond yields are rising and the dollar rallying...not what Ben intended! The Vix had a good move today but I find it amazing how complacent the markets have been (signalled by the low levels the Vix has been trading at)
Thursday, 25 November 2010
A lot of agonising going on about whether we in a wave 4 or a wave B etc...I think that is missing the point and that bears are so traumatised by Fed manipulation some are even turning bullish.The key,I think is to watch Europe,China,mining stocks and....banks..........all of which are flashing warning signals that we may be approaching a big turning point