Sp hanging in there - kinda-sorta. That support bid of 0.118 (down to about 64k) suspiciously acts as though it is on the ask. Need Level III to see what is really going on. SP hit a low of 0.1070 early on. OBV has shown accumulation for the past three-four days. If the support bid is expecting Monday news that does not come, it could get ugly. There is no longer technical supports as sp has broken through all of them at this time. May see support at about a dime and then a nickel by spec players. I speculate that a PP completed announcement will bring sp back to the 0.18-0.20 level quickly. The time table is also unknown as no deadlines seem to be hard in this saga.
Well, the Market is getting a bit of a bounce out of Euroland news. Should see more into next week and through end of month/year. Some US banks may do well on the Euroland news, in the very short term. Still turmoil in the middle east and China still trying to get their act together. Black Gold - Oil - could see some decent upside and be helped along with inflation. Be careful in your choices and use stop-loss orders to control risk.
Silver and gold still mulling around and not sure how to take this Euroland news. PM's seem to run with the good/bad news of Euroland, just like the US Market. As things get economically worse, as it eventually will, one would think silver and gold should take off. Juniors not participating in some of this, which is a shame.
