If you listen to the Chinese and the russions, aparently you can create a basket of currencies ... but only the strong ones.....
*Eye Roll*My word.... What do we have here.
It's my favorite Sell Setup.... I hear there is a setup where it's like a Lever, that is overextended, and about to snap....In the intra day chartit's represented by that lower red line.
But I wouldn't be surprised by some form of bump and go off of one of those trends first.... Looking at the "Buy Stops"... we have about 10 more..... or less till that oscillator is "Very" out of Whack.... but we have seen sells at this level.
We had a nice trend day yesterday... But after a trend day... by EWT... we should get one more high... It's possible the little blip at the end of yesterday counts.... but I dout it... let us stick to my sell setup.
So..... that Yellow line on the spy is the Jan High... That isn't that clean a Head and Shoulders.... It would be more interesting for it to seem like some kind of Left shoulder..... That is a Little Bizarre.
Brian Wean is calling for SPX 1200.....
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Tuesday, June 2, 2009
I say we switch to the Ruble...
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