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[Macro Speculator]

and hold it...because otherwise we're forming the 3rd mini peak as we speak. The 4th (which would come very soon after the 3rd somewhere between 1265 and 1290ish) woulid likely be terminal...and open the door for a knife move down to 1150. Also, trading and investing aside, keep an eye on French bonds. The eurozone is unraveling much faster than most keep realize is possible. Rough times are ahead for many European countries that thought they were wealthy. For our European friends here, make sure you are diversified and have some physical assets (gold, silver, real estate, physical Swiss/US/etc currency). Because I view it as more likely than not that when banks start to go under a number of people with euro savings will find their money locked and converted to new drachmas and pesetas and liras and escudos and other crap currencies. No reason to trust governments/banks with your savings as the debt crisis intensifies. We have enought lessons from history to see how that worked out...