A month ago I begged the question "
304% Per Year? Is That Sustainable Ben?" Well who could have possibly guessed... nothing has changed. Not a damned thing. So one has to wonder... with yet another month's worth of
water under the bridge liquidity flowing into the equities markets for no other reason than "we're not going to lend it to anybody so we might as well just blow it", how many more months will the markets rise in a straight line before Bernanke's face starts to blush with embarrassment? Not many I'd say. Here's a latest glimpse at the carnival of horrors that will literally see the S&P 500 at
3174 by December 31st. Because barring any form of pullback, that's literally where it will be at the rate the market has been rising since December 31st, the eve of the Congressional Clown Show. Needless to say, we're not going to be seeing the S&P at 3174 nor the Dow at 30,598 at year end. But as impossible as it is to believe, that's the amount of juice the insane have been pouring into the markets since the Congressional Comedy Hour last aired.
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| Click here for a live and updating version |
And just so that we don't get distracted and take our focus off the currency markets, here's a link to the
previous post which contained a number of excellent charts supplied by DarkestKnight. We may well move some of those charts over here in the coming days since the currencies markets seem to be holding the keys now, especially the Euro in my humble opinion.
====================== END OF ORIGINAL ARTICLE ====================
And thanks to our tireless friend in Australia, we are pleased to present more of DarkestKnight's updated charts on some of the more important currency pairs in various time scales:
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| DarkestKnight's AUD:JPY 4 hour - right click chart for a larger version (open link in new tab) |
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| DK's AUD:USD 4 hour - right click chart for a larger version (open link in new tab) |
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| DK's EUR:USD - Daily - right click chart for a larger version (open link in new tab) |
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| DK's EUR:USD - 4 hour - right click chart for a larger version (open link in new tab) |
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| DK's EUR:AUD - 4 hour - right click chart for a larger version (open link in new tab) |
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