BOTTOM LINE: There isn't much for me to say. All views remain unchanged from a week ago - buy US Dollars, sell everything else. In FX, the dollar likely finished an impulse higher, and is now due for some corrective weakness. Equity markets should consolidate around current levels, and then continue lower.
This is a daily chart of the German DAX. It is now very likely that an intermediate-term top has been put in on 20 October 2009. I expect sustained weakness here.
No comments:
Post a Comment