http://www.marketwatch.com/news/sto...x?guid={E001343F-C8CD-43E9-B4C1-3D593509E430} http://www.reuters.com/article/marketsNews/idINN0931280120071109?rpc=44
Looking at DJ daily chart, the technical picture is looking more and more bearish. I attribute this more to the current phase of jpy carry trade unwinding than anything else.
is today the day....Dow down 250 pre-open todays date 11/9...or as the europeons write it .......9/11 The big crash?
More and more bearish? I'd say it's extremely bullish short term. I'm supporting my opinion by buying calls on the Dow. But I'm not holding to anticipate a new high. Just trying to profit from a quick bounce.