Market Scheming

Tuesday, November 1, 2011

Reality sets in (at least in the short run) - S&P500 down over 2.2%, Eurusd collaspes


Anyone that participated in that ridiculous rally on the news that the Eurozone is "saved" have just got served.  The price action has moved sharply lower.  This Candle stick pattern some what fits the classic Evening Star
  
The EURUSD has led that collapse as Greece have been discussing a potential referendum on the current plan.  Judging by the number of violent riots and strikes I highly doubt the referendum will pass with flying colours.

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