20 October 2010
SP 500 and NDX December Futures Daily Charts
The market is acting like there is a 'Bernanke Put' underneath it in the form of a handsome QE II to be unveiled at the FOMC in early November.
Meanwhile the financial sector is imploding because of the continual revelations of pervasive mortgage fraud.
It will be interesting to see if the PPT can hold things together until the November elections in the States.
19 October 2010
Gold Daily and Silver and Miners Weekly Charts
Commentary on gold and silver action was posted here intraday.
Remember the caution that was sounded about the trends being extended? We are now in the process of correcting that.
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