Sunday 12 February 2012

End Of One Big Phoney Show.

So we have come to the end of the biggest phoney show of the world. or may be not.
The Greek Parliament has passed the demands of EU and now everything is fixed. But Euro is not really showing that enthusiasm. From the close of 1.3188 of last Friday, it is now up 1.3250. Not even 100 pips. Some of it is short covering. The regular markets have not opened yet, so the rest is speculative.
ES has jumped up at the open.
This will be one event where they will sell the news. Therefore, expect one last last hurrah and when the retail goes all in, there will be a wash.
Tomorrow morning will be interesting for sure.


  1. Another gap and puke like the Osama top? Patient bear reporting in.

  2. How severe of a correction do you anticipate?

    Down to the 20 - 50 daily moving average or a major plunge down to around 1200.

    Thanks- enjoy your blog very much.

  3. the corrections lasted about 5 days right ....if we look at the post below