Wednesday, October 31, 2012
Bottomed in Overnight
Well, we got the fear from Hurricane Sandy, unfortunately, it was only allowed in the overnight session, would have liked to see panic on Monday if trading was allowed. We never got that panic, so we're back to middling markets, with no edge. I would sell any rallies that take us to 1420 zone as I expect a revisit to those Globex lows sometime soon. Europe and China are now outperforming the US, a sea change from what has happened over the past 3 years.
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