Normal trading should resume on Tuesday, and I will use 2275 as key inflection point.
- Bullish above 2275, targeting a move up to 2325-2325
- Bearish below 2275, targeting a decline down to 2225-2235
Trend should stay below resistance and above support. To breakout above resistance or below support would require extreme market internals.
A key Washington insiders has indicated that the Federal Reserve is planning a massive money-printing program in 2012, a form of quantitative easing that would be call by a different name, such as "GDP Targeting".
"We are going to kill the dollar"
Investor Kyle Bass discloses his discussion with a senior Obama admin about how this economic crisis is going to play out. The answer is to export our way out of this mess by making our exports cheaper by destroying the dollar in a global game of currency devaluation. This simply means that they are going to print more and more dollars until all of your purchasing power is destroyed and you will need more and more dollars to buy the same amount of goods. (ie. Massive Inflation.)
Link: http://dont-tread-on.me/?p=11919
