redbacka's - the last shorts - tuesday, page-63

Biggdaddy,
I can understand why there are some on this thread who are giving you suggestions.

I would encourage them to keep it up. Anyone (you) who would have been contemplating buying Rio yesterday after it has risen, what 15% or more in 2 weeks, and after Barnsty's charts showing a perfect "kiss" of the upper downsloping trend channel, is clearly in need of all the help they can get. XJO has pretty much respected that channel for almost 6 months now.

Separately,
The merkel bad news, bringing the markets down, just as we touched the upper trend line was just bizarre. Like some wise guys on this thread have said, she must have gone short yesterday, or, smart money are writing her speeches.