If the saying Americans are always first to lead, it would be my say that they are leading the bear rally, with 1000 point swings, now u start seeings a approximately 700 swing from the bottom daily, but really where does it brings us, weekly we are still a bit lag from the top, there are no higher high call, to confirm an entry.
Technology are really leading and it is their earning that are least affected and not to mention inflation data that were stable, who could blame inflation of scared of creeping out the door when it has been strained by banks around the world, reverting back to the dollar, boosting its value for a short term grace. I scold myself for not calling a temporary top in gold since they are going to do some prime pumping for the dollar and the entire mortgage market.
End of the day, when the real situation arises and liquidity is not available , we are going to see our legs get dipped in paint and soil again, tainted in red, but as that day comes i suggest enjoy the current rally, Dow vs usd correlations remains utmost strong and i believe that it is the way it is being played now, what say u give a comment. I have called for a technology rally from my first post now it has given me one, i wanna know till when it can last? Ambac wants to be saved, are they significant enough?
euros ..near 1.35
oil near their average producing price
Yen still far from target since crisis did not unveil that badly
Gold, sold as they rush with the rally
Commodities might spark a rally from this point onwards as long as inflation remains low concern, it will give an indirect approval to print more trust me if u can skin this cat!!!
--~~ trade according to plan; discipline will ensure safety and perseverance~~--
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