Wednesday, August 18, 2010

Fast Break to new lows at expiry. Then bounce

I am trying hard to avoid the temptation to "get cute" with this market and play every bounce up and down.

The Euro is confirmed down, and cable may soon follow.

That means S&P500 should follow...even more than it has.  

TNX 10 year bonds popped the PES 133 line, the strongest indicator out there.   And now looks ready for rally.   Some late comers to the game are now touting USD rally.   Excuse me, but Duh?  Of course it will.  As FET (financial entertainment television) trots out China selling dollars...of course USD will rally.