I'm starting to run of ideas to support my bear bias...at least as far as TA goes anyway. Every chart I play with shows that a breakout must come, perhaps sooner rather than later, and I still expect it to be on the downside, but I must admit that technically the chances of this appear to be less and less. However, fundamentally it seems that USA is in better shape than EU. By that I mean that most of the news coming from Uncle Sam is slightly good to good, and most of the EZ news is bad to even worse!!!! Why the EU is suspended in this range, and more importantly, who is doing it, is anyones guess, but for sure they can't do it forever, and I doubt that it will be able to be maintained when more EU countries fess up to the depth of shit they find themselves in.
There's no chart for me to post that hasn't already been posted, so this is just my opinion, for what it's worth....oh alright.....here's a daily chart that looks at this thing from a (possibly) different angle.........
There's no chart for me to post that hasn't already been posted, so this is just my opinion, for what it's worth....oh alright.....here's a daily chart that looks at this thing from a (possibly) different angle.........
Attached Image (click to enlarge)
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