Not Bucking The Down Trend
Not Bucking The Down Trend
2:10pm EDT: Sorry, I couldn’t think of a clever title. In any case – watch our purchasing power literally evaporate before our very eyes:
If we breach below 77 we might be in real trouble as this could start looking like a third wave – the implications of which would be that we’ll drop a lot further. What’s interesting is that equities are not exploiting this. Meanwhile Gold is on the run – glad I didn’t short that sucker a week ago.
Pretty soon I’m going to have to ask for all subscriptions to be settled in Euros or Yen – I’m only half kidding folks 😉
2:46pm EDT: Quote Of The Day:
Possibility and probability are different — Robert Prechter
BTW, 896/897 is in reach now and I’ll be loading up on puts yet again once we touch that mark. 900/902 will be the next.
3:25pm EDT: Damn it! I was waiting for one more point when it all fell apart – LOL. Well, my existing puts are smiling big time now – nice way to head into the weekend.