▲ We expected a crazy week and we had one. October is known as a bear killer and it acted well. We broke the resistance, 1250 on S&P500 below, and on all indices, Euro, Crude, Nat Gaz.. On indices and Euro the breakout occurred with 127% of normal volume. Technically it confirms the breakout. At the same time we saw some squeeze short on many stocks. Like $DANG that took 25% last Friday for example. Imagine now is Bernanke announce the QE3 !
For next week, we can see a retracement to the resistance line, but I want to stay optimistic for the end of year rally :-)
Same forecast for Euro. You know we are long term bullish anyway as high debt and money printing are killing the Dollar.
We still have a little open short position on $EURUSD, hoping to close it Monday to have even better October growth than below :
Forex account is up 43.6% (8 month)
New Pamm Investor account (open to all from 100US$) is up 6.4% (1 month). See this post for more informations or go to directly to ExclusiveFund.com website if you want to join us.
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