OK...what a great day! In the pool with the kids, did some fix ups around the house, my lovely wife made lasagna, garlic bread, salad and wine for dinner...sometimes it feels like I am royalty
...and then I did some research this evening that tells me I should be glad to be in the G over the next several trading days.
My guess is this, Monday will bring some profits (at least intraday for those holding specific stocks like Birch), possibly a break above 1200 and maybe even an intraday run up to the 1210-1220 range, but this will be the last of nice days for a few. Once a bunch of money flows in the bears are taking control and we will see a lower low...I hope that your 1050 mark is the low but if I am right we won't see that for several trading days which is is too far out for me to even guess at. Of course, who knows what surprise the EU will bring before our markets open on Monday.
Enjoy the rest of the weekend!
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