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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (31895)	11/9/2010 5:57:46 PM
From: ggersh	Read Replies (1) \| Respond to of 71408

Thanks for the wonderful, cheery, brighten the newsday stuff! -vbg- Actually I was hoping for a story that the water of LA had been laced w/acid! -vbg-

To: Real Man who wrote (31895)	11/9/2010 9:11:15 PM
From: ggersh	2 Recommendations Read Replies (3) \| Respond to of 71408

This comes from a good mate, he knows Europe, he gets much input from there.... The players outside of America are pissed and have lost all trust in Bernanke’s monetary decisions. A good percentage of American players feel the same way. China is making statements like; the G-20 need to monitor the Fed. After selling a bunch of bogus bonds to the rest of the world, they have every right to monitor anything that has to do with the USA. America has lost its credibility…press 1 for English. The marketplace has UGLY written all over it. We could be in for a big move tomorrow. I don’t care how many Bernanke Puts Helicopter Ben has in his back pocket. No one is bigger than the bond market. USZ broke a serious support level today and will most likely follow through lower tomorrow. With a 30-Yr Auction at noon, it could get ugly. And if it gets ugly in the bond market, how many Bernanke Puts will be needed to defend the sell off on Wall Street. Tomorrow will be a very interesting day…tonight may be more interesting. The warning flags were waving today in the indices. SPZ and NDZ traded to new highs for the move in early morning trade. This sector broke hard by days end. NDZ filled its gap below. SPZ and DJZ still have their gaps below at 1198.00-1206.50 and 11187-11266 respectively. Filling these gaps is my ultimate objective. We received sell signals in all the indices. Nothing has changed. I remain bearish. All eyes are on the Dollar overnight. FOOD FOR THOUGHT…any sort of serious gap open lower and subsequent sell off in SPZ and DJZ could leave four-day Islands Tops in place. If this is the case the longs will be looking at each other wondering where the Bernanke Puts are when they need them.