Morning

I'm umn.....

I'm cooking with gas this morning, but just trying to catch up on all the crap I need to do....

Peso/Euro is 1.47 roughly......

I'm not understanding this... I guess it's the bad economic news, which isn't being particularly priced into the market.

I haven't looked at anything else. I assume libor is mediocre, I'll look at later....

I don't have time to chart it..... I'm suspect of this bounce, though it does look like window dressing.

the corrective wave yesterday was a classic ABC EW correction. I was expecting a 5th wave of that correction.... we can see what happens off the open.

It did show a good clean 3 wave move.... I'm hoping to sell end of the day.... then depending on the movement, I may go short. or wait till Monday... see what that brings.

The bullishness, or foolishness being traipsed around today.... I just think is crazy. I can't believe that more than 10% of the sell off was Bhutto related. The market was looking for a correction, the economic reports, were the catalyst....