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.
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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