Tuesday, February 7, 2012

Transports...break support and retest

Russell 2000 fails to take out highs and reverses EURO comes into resistance. What a tortured machination these markets are in...
By the way, wasn't it just 6 or 7 months ago when Ben BURNanke said that the US financial system and banking system had little risk from sovereign or European stress. Now, apparently, he says exactly the opposite...what a surprise.

Meanwhile, the Greek deal is not done, likely will not get done as planned and the markets continue their tortured behavior.
© 2009 m3, ltd. All rights reserved.