Tuesday, August 23, 2011

Developments and the potential plot.....

The plot thickens......The CEO of S&P Rating Corp "stepped down" (that's corp speak for fired) and is replaced by the COO from Citi of all people...the markets are pushing hard for FED action by telegraphing favorable moves if it were to happen-then fading at the close when there is any doubt....Gold is nearing the 2000 mark...

What we see happening.....

U.S. debt gets upgraded by S&P soon
The market is setting up for a major rally in September

The characters are all being put into place.....The only question is...do the technicals play out by the end of the week. (10,000 or double bottom?)