vega - I was thinking the poke up to SPY 126.75 was a b of subwave 4 - with the 4 wave low around 125.00. Move off top be b-4 could explain the late day heaviness?
Wekk I don't get it anymore. I've been trading markets for over 30 years and the distortion and blind eyes to the real facts has me astounded.
You have Italian 10 TYY's over 7%, Spanish yields approaching similar levels, CDS's reaching record levels and the markets ignore it and don't get me started on the MF global disaster. As a MF client I am totally "p" off and want(make that demand) to see heads roll!
Can't investors see that the bloody contagion is growing?
This can only end badly, I have never seen markets so oblivious to what was on the door step but is now banging down the door!
vega - I was thinking the poke up to SPY 126.75 was a b of subwave 4 - with the 4 wave low around 125.00.
ReplyDeleteMove off top be b-4 could explain the late day heaviness?
http://jeffreygtc.blogspot.com/2011/11/tuesday-november-15th.html
ReplyDeleteWekk I don't get it anymore. I've been trading markets for over 30 years and the distortion and blind eyes to the real facts has me astounded.
ReplyDeleteYou have Italian 10 TYY's over 7%, Spanish yields approaching similar levels, CDS's reaching record levels and the markets ignore it and don't get me started on the MF global disaster. As a MF client I am totally "p" off and want(make that demand) to see heads roll!
Can't investors see that the bloody contagion is growing?
This can only end badly, I have never seen markets so oblivious to what was on the door step but is now banging down the door!
Oh one last thing.
ReplyDeleteThought I wouldn't be saying this again this side of 2013 but the USD is looks like going alot higher very soon.
Above its 50dma and climbing. In fact 7 out of the last 11 closes have been above the 50dma