Market Review and Trends
Today will be a BLACK Friday.
By Patrick See  •  August 5, 2011
It is of my opinion that today is BLACK Friday. I hope you had been following my post (all along) otherwise you will be caught in a very difficult position today! My previous hints were Don’t fall into bull traps and my last hint was the post Murder she wrote. And the market was subsequently murdered with a very silent Japanese sword at the touch of midnight!
Financial markets started to react just minutes into midnight. Europe and US benchmark indices crashed 3.4% and 3% respectively! The list of global events mentioned above had caused
·         All US and Europe major indices to break low for the year 2011 (risk off)
·         Crude Oil finally closed the gap of Feb 14th 2011 (weak global demand) at US 87.30 from US$ 100. In a matter of 8 days! (Risk off). Still diving lower below US$ 87.
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By Patrick See
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