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Business As Usual

January 3, 2008 · Leave a Comment

Not a great deal of economica or company news again this am as the markets are going to open fairly flat to slightly up. Gold and Oil and Grains continue to all go for the moon. Is it technical blowoff? Possibly. I’d be careful up here as the moves don’t look very fundamental to me and shorts are being driven from the markets as the reflation story gets geared up and the technicians take the new highs with full assault and jam the prices up the last standing shorts pants. That’s the game and it must be respected as prices shoot the moon!!

Categories: Charts · Forex · Futures · Stocks · Technical Analysis · Trading

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