More fencing…ripostes in EEB, FXE, DIA, SPY, SLV, NYC, ETCETC

Posted on Feb 09, 2010 by in Letters

Monday was an anomalous follow up to Friday's hammer.  And it appeared that Friday was just a freak day sponsored by the put sellers.  But today, trading on news, the market appears to be following through on Friday's pattern.  The news of course is that the Greeks are not going down.  So far.  So the driving force of the market for some weeks -- that is the strength of the dollar and the weakness of the euro is being reversed.  As this is written this is not a proven fact.  It is informed speculation.

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