fedgolfer
Well-known member
EFA at the 100 SMA as i'm typing this... hopefully this will act as support. UUP had a double tweezer top on the intraday... coinciding with a 2 month double top. Smart play waiting for confirmation on resuming the $ carry trade.
If this turn does hold... man, does that look like a measured manipulated play done to perfection?! If so, it went right down to the wire for EFA breaking the measured bull move and the bearish dollar trade from blowing up. I guess we'll see if those central bankers know their stuff... as for Bill Gross going into a high cash position, do you think that's more telling of a collapse (a la Lehman) or that he wants to be quick to act on the next sector to go north... I think its just a sign of him getting liquid and ready to run in the right direction, whatever it may be?