Okay, it’s time for direction again as I didn’t post here for quite a long while

Most dying hedge funds already used up their bullet by bringing the market up last week I guess, and the rally did make history as it was the best week in 75 years…  Okay this was the glory side, however think about it again, they are buying all-in to give you a chance to sell, not a chance.  Yesterday drop was just a beginning (almost 700 pts shed for the DOW)  This is their last chance and will decide will they survive or not by year’s end.  Looking forward they will complete the process next week or by mid month.

Target from now to mid month (Dec 15)

DOW: 6800 - 8400

YEN: 88.5 - 93.75

Gold: near 700 to 785

Pound: 1.43 - 1.52

Euro: 1.225 - 1.3