THE DOT - if this turns orange or red be alert

Wednesday, August 11, 2010

spx weekly update

zigzag is over as we have tested the 1125-30 extension area deeply with a fake rally extension. get ready for a serious downswing as the 1040 remains our target in the short term current scenario. a close below 1115 , ideally 1110 today will confirm as the dollar has turned as well ad is heading for 1.2750-1.28. this fake obama rally will see another leg probably as greenspan has told us the whole matter recently as he claimed a strong stock market is the best stimulus program which is pure bullshit as most things this fellow has ever said publicaly. we are besides in a war preparation mode as israel will strike iran at some point with the strong but more on that the next days.

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