feral friday

Well, the DOW roared last night and completed as big a rally as it possibly could gaining a monster 5pts, possibly helped along by the PPT to keep it positive into close. Things are looking shaky, and today should give rise to BHP's second cycle of 5 day down, 2 shaky days up pattern. My opinion only, but a few more big drop days to come.

You could say that the $US has already re-tested that broken trend line and is now ready for a major incline, just as gold breaking $915 support (with re-test last night as resistance) looks set for a major decline. Obviously this would cause the market to head lower.