Monday, December 15, 2008

Santa crawls in perpetuity

Just a quick note.

The Santa Rally is under pressure, but still in decent shape, unless the area which I define as "major support" starts to give way.

But frankly I doubt it, given the dwindling trading year with declining volumes and end-of-year markups.

Gold and the EUR/USD remain in an uptrend. It's boring, though.

I suppose it may be worth it in a short term sense to buy this market and try to ride it through the end of the year. My hearts not in it, though!

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