"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Friday, July 29, 2011

US markets degrade further

Here is the chart from two days ago.  Now it is getting serious, when considering that the futures markets currently indicate another drop.  Tranny led with a breakdown, and now everything else is on the brink.

Edit (9:32) And they're off... if markets continue below supports, all non core items - which are few anyway - will be released with extreme prejudice. 

http://www.biiwii.blogspot.com
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