Emini Trading Update – Wednesday 28 Sept 2011 (15:07)
Tomorrow is absolutely critical. There are 2 scenarios:
- Low volume down day that just tests the lows towards 1,120 and shows a lack of Supply and then another run at 1,200 is possible.
- The market starts selling off, gathers steam and volume and we punch down through 1,120 and keep going over the next week.
What stunning insight – the market will either go up, or go down. Give this man a medal.
More Harry Dent goodness …
Last week I mentioned how much I like Harry Dent, with the release of some recent analysis of PE ratios and demographics.
Well this week there’s a rockin’ interview with him – he covers almost everything. Very frank and a great summary/overview. A lot of discussion of the US problems, but around the 19:45 mark he has this to say about Southern Europeans:
“These people are spoiled, they retire early, they don’t pay half the taxes they should, they don’t work that hard and now they’re all up in arms that something has to be restructured because their countries are bankrupt. Their countries are bankrupt because they have no work ethic and they expect too much in entitlements and their demographics are horrible.”
Yowza! Now that’s telling them.
Harry Dent Interview (29:56)
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