Monday, November 15, 2010

Are HFT's supports at 1.36 EUR? Refer April 15th 2010. Support broken. Now @1.35 - a possible panic sell on Ireland bailout (update 2)

Rather than rallies, ala when Greece was bailed out in May/June 2010 by the EU/IMF, it will be just a panic sell with short positions filling in the blanks.

Why no rally on bailout? Because Portugal and Spain will be next, then Italy.

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