DXY surged higher today.
If it gets above 76 - then we can say the USD low is in place.
Keep an eye.
This is KEY.
Big drop in the EURO.
It went from 144 to 141.
I bought Sept EURO PUTS.
SPX dropped like a stone.
It may be that the Feb 18 SPX 1344 is the TOP that we have been waiting for.
I dont know as yet but we will know.
The probability is getting HIGH but we will see for a couple of days.
As I have said we are very close.
The market sentiment is outrageously BULLISH.
It is just getting crazy day by day.
I hear people say -
This is the best time to buy equities.
The world can now survive even higher oil prices.
Stop smoking dope - I say!!!!!!!!!!!!!!!!!!!!!!!!
Finally the 2 YR GREEK GOVT BOND YIELD is at 20% +
Serious risk of default here .
Greece is trapped - there may be no way out now!!!!!
Is this the straw that will break the camel's back.
May be YES.
Let us watch this space.
It is NOT the time to go long equities !!!!!!
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