Dislikedsorry guys too many chars what the heck
weekly if we do close above 13450's i dont we will look back for a while unless we have greece again
sure we will have some retacement but not much
i might be wrongIgnored
The biggest thing is today wasn't 'driven' by fundy's or tech. it was driven by pure words ...
ECB needs strong Euro for more investors ... so they pump up with 'words' to attract investors ...
1. buyers for bonds ...
2. words drove up those buys AFTER the bond auctions
3. I find it suspicious that all this confidence from the ECB came after the auction, they aren't going into the auction clueless as to what is going on ... I think they were 'hushed' from speaking before the auction by the investors to get as 'good' of a price as they could ... & I don't think this will last long ...
the debt ... severe debt ... is still there, very fragile buys right now & any indication of any cracks in next few trading days and I wouldn't be surprised to see some profit taking ... especially if it drops, with this much momentum, there has to be TIGHT sl's for the buyers market.
look at this chart from the CIA, a few bond sales might make for a minimum payment but by far there is still severe debt.
What did we learn from the banking crisis over the past couple years? I have learned that rich people & banks like quick & easy profits ... not long & meaningful & this is long and meaningful ...
& not saying you are wrong for the sake of argument, saying for the sake of my opinion ... just read the forums for the last 3 months ... again .. same story potentially.