Crickey what a night spare a thought for the long end of town. It was a stop run blood bath.
I have put a horizontal line where the DOW finished as my chart data is delayed. It has retraced 50% of the last leg and finished on support. So the big question now is, where to from here. Well the exiting dollars from the DOW and Oil have found some resting place in Gold up $33.20 for 2.8% and the USDX picked up further gains of .66c for 84.83 and a massive week for the reserve currency. My bias from here is long Oil, short the USD and a bounce for the DOW to the 10720 level. Could be all to obvious so DYOR.
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Crickey what a night spare a thought for the long end of town....
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