11-13-09

Well europe was up until the GDP numbers came out then it very quickly went negative.

The shanghai composite was up on hopes that Yuan would not be pegged to the dollar.

Nikkei was down today.

ASX was down.

Hang Seng was up.

All of europe is down which was up yesterday. US markets sold off yesterday.

France had some real pathetic GDP numbers. The most important thing i read on the numbers was consumption was down by half. This is huge for bears.

My outlook here is short. If you overlay a lunar cycle on the stock market you have a sell off on every full moon. We have a full moon very close. Typically i would discount this but the more i have read i tend to lean on it a little more. We have strong long term resistance here.

Please read the article below.
http://pragcap.com/must-read-did-the-nation-overdose-on-debt

We could bounce today and it would be a good idea to add to shorts here.