by the action of Euro, Gold, AUD and their parabolic rises, QE3 is coming.
In thin Asia trading, Euro rams through all the shorts, and triggered the avalanche of shorts covering.
SPX to vault over 1320 at open. If you have access to pre-Market open, do it.
Currently in Davos, going to meet up with Mr George.
According to my contacts, Benny would announce QE3 after the State of the Union address.
Update
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Impressive Euro rally from 1.26 to 1.3052. The bears are killed for sure, especially the Asian bears who got their margins eaten amidst the holidays.
Though SPX is taking a dip from 1320, wait for divergence and go long again. Ahead of FOMC, dun get caught on the wrong position.
CNBC is running a documentary on the missing billions issued by the FED in Iraq. And fake USD million dollar Lincoln bonds are appearing in Philippine.
Iran is threatening Homuz blockade after the decision from Europe. Though it takes 6 months before those Europe embargo kicks in.
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