DaddyJohn
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So the Fed are printing money, and the dollar index went up 1.44% so far today. You would think if everyone starts printing money then gold should have gone up today. It is down 0.56% as I type.
Brave call with the ES DJ. It seems fairly range bound for now. I guess if I was going to go long, I would wait for one more test of 1235. The gap is from 1268 which I don't see getting filled, but I do see a pullback to 1252 at some stage.
I have a theory... that the market is tired of the euro news and wants to go up and put in a santa rally.... with a new greek govt and sylvio gone then the market has to be seen to "give them time" .. i.e let the new guys go do stuff and we will check on them later..
but of course the market isnt going to make it easy for us.. so we get a big spike dpwn today.. Bunds get to print new highs and take out stops.. we then move into a nice rally..
let's see eh?