ECB has announced it will not do any more than they have already done.....Last night they used emergency funds to buy Italian Bonds - much to the dismay of Germany and France
Germany has told ECB they will not support printing money..
I was surprised at ECB's actions last night...but I would not expect the same on Monday at the next Auction...
EU have just bought some time for the inevitable....
I am firmly in the vice with my trades and currently sitting on a small profit.....but I feel there is more risk of the market going down than up so I will hold over the weekend.....
chris fords rambo friday - 11/11/11, page-48
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