Is A Sucker's Rally Taking Place?

Dow Jones at record highs....

Major Currency paris at record highs....

Gold near multi-year highs...

Oil easing up to psychological break point ($70)...


Is there a setup taking place for a major fall/rise to occur? If so, where?

I am sure next monday is very different.

It is just because the higher highs which push a lot of calls in the money, and funds have no choice to buy it back last friday.

Actually most of stock open high and goes lower.

and the earnings imply something wrong. GOOG, IBM, AA, YHOO, EBAY,... name it, all sold off, which is very same as 2000, good earning, dump it.

The only good spot is semi, which got some strength that nervous me.

I know this is forex blog, can we get a thread for the market direction analysis?