Thursday, February 10, 2011

ECB Buying?

Last night I mentioned Portugal's abysmal auction, rumors are the ECB is buying their bonds, we'll see soon enough but as I mentioned, the Euro should see a hit


As you know, I've remained bullish on the Dollar pullback or the dollar index as the fear cycle hits Europe again this week, here's why...

 First of all, there was nothing technically wrong with the pullback, you can't focus on one day's action, especially not in this market.


The 15 min 3C chart into the pullback with a positive divergence

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