Sell Euro: SL @1.381

Last SPX got stopped out, now we should see how bull cope up with >$100 oil and what logic benny comes up with for everything being fine. My conspiracy theory is that Benny would be thanking his star (or Obama or whoever could have coordinated this uprising) that higher oil will take the fizz out of developed market growth and this would orchestrate another crash in commodities including PMs , equities (yes calling for sharp correction in metals), will push bonds higher (If Benny wants the QE game to continue this is necessary condition) and dollar higher (so that Benny can trash it more). I expect at least 20% correction in developed market equities and commodities but making overall higher low than March'09. In longer term I m more bullish than I have ever been on equities, so this upcoming low will present last opportunity to ride this "Last" legendary bull market.

fxe........R@139-140 S@136 EUO ultra short

Edited by vitaminm, 24 February 2011 - 11:34 AM.