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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: TFF who wrote (37186)	8/30/2012 4:40:21 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 218817

Well, I don't want to see any more up spikes unless they're for real... GZ

To: TFF who wrote (37186)	8/30/2012 5:41:51 PM
From: Keith Feral	Respond to of 218817

I think the big news will be next Wednesday. If the ECB has gathered enough support to back Italy and Spain bonds, the market should do pretty well. Every time those Spain and Italy bond yields begin to tick higher, everything gets blasted. If they put together a rally off ECB news next week, the summer rally could continue through the end of the year. Europe needs to decide whether or not Spain deserve commensurate borrowing costs as the other Germany, France, and everyone else in Europe. Sadly, the duration of this rally depends on Europe next week. If Draghi doesn't deliver, S & P could sink back to 1365. Not the end of the world, and it will just begin another rally before he can deliver.