Nice pb on the 1 hr, but, I'm not taking it, 1 hr till close, and the Euros are talking after the close.

EurAnalysis

Wow, I'm out, not going to look to short until we get the golden retracement on the daily, then I'll be looking to short big.

EurAnalysis

The only way I think they can really fix Europe is if they go to a United States of Europe, I don't think that's possible, but you never know. I don't think Euro member states are going to want to give up their fiscal sovereignty to Germany.

EurAnalysis

I agree, but I don't think there is anything they can say in the PC that is going to be bullish, the entire world knows that they broadly agree on the 3 pillars to save the Euro Zone, but they can't agree on any of the details. lol

EurAnalysis

I don't know, but we got a major key reversal sign on the 1 hr chart, a huge bearish outside bar off big resistance.

EurAnalysis

Anyone listen to this Andy Busch on CNBC, a currency analyst, he's a great contrarian indicator, it should be illegal for him to give his picks on TV. lol

EurAnalysis

Read that Italian Parliament suspended because of fist fights and throat grabbing today, anyone truth to that? lol

EurAnalysis

Euro tanking, was that big spike the last hoorah for the Bulls? Probably not. lol

EurAnalysis

CNBC is so stupid, no idea what is really going on. lol

EurAnalysis

Yep, but anyone who read the press for the last 24 hours knew that was a no-brainer.

EurAnalysis

I agree, and I think the primary reason is raising euros by european banks which has given the US markets a false risk on rally not based on earnings but the mistaken fact that the euro is rising because people want to take risk, would also answer ...

EurAnalysis

When does the euro decouple from the S&P so that it can be fairly valued, this risk on in the market correlation has completely overvalued it given the current deteriorating economic conditions in Europe v. the US and the fact that the ECB will be ...

EurAnalysis

The reason I don't normally trade on fundamentals is that no matter what, "The Market Is Always Right." Even if it doesn't make any fundamental sense. lol

EurAnalysis

Seems all the news outlets are reporting that other than everyone agreeing on the 3 pillars of the bailout, no concrete numbers will be announced, so, how will the market react?

EurAnalysis

Well, it makes sense if the French Banks are buying euros to recapitalize, they'll be buying at any cost.

EurAnalysis

There is a rumor out there for the last 2 weeks, I don't know if it makes any sense, but apparently, some major French banks have been selling all their dollar denominated assets and dumping dollars on the market which has caused the massive euro ...

EurAnalysis

Its truly ridiculous, the Fed is not going to engage in QE3 anytime soon, they're just stoking the market to get a rally because the FED sees the stock market as a driver of financial growth, and of course, the market is completely ignoring the ...

EurAnalysis

Yeah, its truly amazing, the Euro is completely ignoring the fundamentals right now, I think its that 61.8 fibo on the daily that everyone is gravitating to. "The Golden Retracement." Think at that point in time the bears take over again, but who ...

EurAnalysis

And yet the market wants to rally higher and bring the Euro with it, man, I cannot wait for the ECB to start lowering rates so this damn risk on euro rises risk off euro sinks trade decouples.

EurAnalysis

This is just ridiculous, not only can the Europeans not agree on a really substantive package, but we got lousy 3M earnings, lousy European and American economic news, and the Euro rallies. lol

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