10.08.2009

ANOTHER RAMP


Equity futures way up this morning as follows:


ES +8;

NQ +11;

YM +68;


Overseas markets way up driving the price action while the dollar is down about .6%- gold a new all time high and now trading near 1057.


Markets all in overbought territory yet again with gold lead leading the pack as the futures now trade at RSI 2 of 99- ES not so much at a level of only 93- and targeting the recent high of 1076.


Windows 7 reviewed by Mossberg in the WSJ;


Clusterstock on why the dollar collapse is a huge part of this rally;


And a very interesting gold chart;


Markets and the economy;


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