I think we can draw charts all over the place (and I say this with the greatest respect for the chartists on here - I love your work) and come up with hypothesis as to why the markets are going to fall or rise from here, but the fact of the matter is this, if Europe gets it act together and sorts out this mess (i.e. bails out and defaults where necessary in a controlled way), AND the US government begins to take the necessary steps there is the possibility of turning this ship around, if they don't and don't quickly, well...I think we all know...
What we have in the markets now is a fundamental issue of gigantic proportions.
What I am saying is it is really 50/50 based on what the leaders of these nations come up with...It could easily fall like a deck of cards or rise (however any rise will be very rocky...)
Anyway tonight, I think the mood is up based on Germany and I think +120
