Great charts as always Guys...
Redbacka
Your note on th Volatility Index imo is significant as it demonstrates the lack of NEW puts in the market....
I have not seen it so obvious as it is at the moment...
I am suspicious that the EFSF will be funded by driving the markets to current levels...loading up and running back up to resistance within the current trade range....
If I am correct....then we should hear a pre Xmass ann for the "Great EFSF Fund" which imo will be governed by the newly formed "Three Amigos" Merkel, Sarkozy, Super Mario...
To me it makes sense particularly the fact that it would not be common knowledge amongst us plebs or we wouldn't be selling into it....
Yes ladies and Gents....imo it is the middle class mum and dad punters around the world who will fund the "Lets Bail out Europe Fund" ....The good thing is NO new money is to be printed and European Countries borrowing from the EFSF will have to pay it back through STRICT Austerity...Managed by the Three Amigos...
Be very carefull going short until Xmass...
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Last
8,639.0 |
Change
77.200(0.90%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,561.8 | 8,641.3 | 8,561.8 |
| XJO (ASX) Chart |