Commentators and economists who keep referring to the 'economic recovery' and to the GFC in the past tense - will be proven wrong. Unfortunately the charts indicate GFC 2 will be worse ~ Tues June 14, 2011 - 12:55 pm UTC
Just went long some TNA at $67.00 for a bounce since the markets havent sold off so many days in a row since October 2008 and as soon as I bought the market went straight to intraday lows!!! Go figure. I guess if the SPX breaks 1200 in the next few days its because I was long TNA @ $67.00. Noticed the pattern over the last 8 months that every single time TNA has come down to this level, which is about 5-6 times 100% of the time it is has jumped at least 10% in the days after, lets see if the trend has been broken, maybe this time its straight down to new lows
EUR/USD is rising in the market and has a better way in our economy. You need should have a long term indicators to and from time to time see the exchange rates of different currencies.
What would you say if it rises in next few days starting tomorrow? When you become bullish, let us know.