Posted by marketguy on 30th of Nov 2011 at 06:43 am
had to be the news of China's central bank cuts of bank
reserves....only thing I can see....
sheep are all lined up and making a final dash for the edge (of
course that final dash could still add another 30-50 SPX pts over
the next week)....going to be painful (wish I could learn some GD
patience)....
DAX breakout
Posted by kalinm on 30th of Nov 2011 at 06:37 am
not sure what the news was to prompt this giant move that broke downtrend
had to be the news
Posted by marketguy on 30th of Nov 2011 at 06:43 am
had to be the news of China's central bank cuts of bank reserves....only thing I can see....
sheep are all lined up and making a final dash for the edge (of course that final dash could still add another 30-50 SPX pts over the next week)....going to be painful (wish I could learn some GD patience)....
European stocks advanced, erasing their
Posted by kalinm on 30th of Nov 2011 at 06:43 am
European stocks advanced, erasing their earlier losses, after Chinareduced the reserve ratio for banks by 50 basis points from Dec. 5.
I find it strange that the $DAX is breaking this downtrend line and euro has not broken out of its falling wedge.