Just way, way too many coincidences for me, this moment in time, aligning with 10-8-2008. A 26,32% SPY correction happened in ten days from that date. News report Germany may not cooperate with a Euro QE, mmmmmmm see my previous post. Germany may do whats good for Germany after all. We may not have to wait until the 22nd. No Euro QE, my arrows (not abe's) prevail, as always in my humble opinion. Even that "leak" sent the markets swinging down today big time, just the hint of it. Hedge funds are hedging, watching options action today.
Comments
JCrusadr
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Too many lines... What are you trying to say? Going up or down tomorrow?
claydoctor
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I am in cash until this becomes clear. ECB, Euro QE news or actions OR NOT is everything, and its effect on the dollar. Just making that point, until we know something more certain. Those also serve who stand and wait.
claydoctor
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SPY correction of 26% would coincide with the 2007 top and the march 2009 trend line support.