Let's see ... Gold 750, Bonds late day tank, USD spew, Oil hit all time high, SPX hits resistance 8 days in a row, China small cap frenzy, China markets hit all time highs. What's not to hate?:eek: Give me a lotto ticket for Black Monday
Witnessed a lot of high volume reversals. I tend to agree that next week could be ugly. Short EURJPY and ES is the trade.
ET a contrarian indicator. http://en.wikipedia.org/wiki/Contrarian Rather, a contrarian seeks opportunities to buy or sell specific investments when the majority of investors appear to be doing the opposite, to the point where that investment has become mispriced. I wonder what everyone on ET is doing? Ya I'm sure it's gonna be black monday.
I heard the chinese stock exchanges are closed next week? Depends upon whethey would be the dumpers, or the dumpees. Are they supporting the market and stepping away for a week? lol