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IDS World Markets Wed 18th March 09


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Euro Marks Biggest One-Day Gain Vs Dollar Ever

 

Stunning move. I shorted it when it hit the 900 day sma on the daily. Indicators at extremes.

 

Made money on gold today but I missed the big move - so impressive how they shook out the longs so aggressively before the bonar.

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Cramer thought Jon Stewart was taking him to task about his calls. Cramer still doesn't get it.

 

Doc, your calls are always good.

 

I WISH.

 

But thanks for the vote of confidence.

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The thing that really scares me is the fact that even if we made a bottom, the ensuing rally should only be the Primary B wave.

 

The C wave down that follows, a year or so down the road, is the one that implies total devastation. The wave structure here implies that all of these programs ultimately fail.

 

I think we're starting to see some clues as to how that may happen.

We should have a sense by this fall. Long term astros for late 2009 > 2010 are an ominous, towering mass.

post-928-1237406209_thumb.jpg

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