IIFT Daily Note with Peter Brown

Mood Change

Posted by:  |  Time: 7:15 am  |  Topic:
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Well that didn’t take long. Finally some sanity.

Big sell off in S&P and Euro. Each day will bring speculation of the BIG DEAL but unless we hear some concrete proposals this down move wil continue. Yesterday’s move was very smooth and continuous, not a good sign for the bulls. Hardly any bounce atall.

Today action might be a bit rangier. But there is the possibility we might keep selling. A break of 1.3700 key on the Euro and 1182 on the S&P.

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