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Friday, July 31, 2009

Greed, Fear and Hysteria

Today was clearly corrective, and that can only mean there is more to come.
It looks like we may approach the top of the channel.
I expect $BPSPX to top out near 80%

It just goes to show ya that fundamentals are meaningless. It's all about greed, fear and hysteria.

It seems impossible with fundamentals being what they are, but these are the prices we have been predicting since March. The market often fulfills our expectations, just not the way we expected.

Analysis presented on this blog has only informational and educational purpose and does not represent a proposal for buying or selling currency contracts.

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