Varchild puts a STOP GAP on the bull rally...euro 1.19
hmm....scary stuff... I don't want to believe this is just a minor nosedive in the stock market and everything will be better tomorrow like I have with all previous declines..
My inclination is to believe right now that we may be slipping into a "Double Dip Recession" starting NOW! That's what I believe after reading articles and articles on the situation.
But I am not going to write up a PANIC PANIC PANIC BLOOD IN THE STREETS article to add to perhaps anyone else trying to cause panic...
Here's what I think we should be focused on....
If the situation is getting worse..... EURO/Dollar DOWN DOWN DOWN
Situation getting better....... EURO/DOLLAR UP UP UP
So.. why bother focusing on a gazzillion articles and pieces of data trying to frantically decide if you should get out of the market when THIS happens or THAT happens?
I think the good ole...currency... is the key... And the only thing you should focus on. Focus on 1 thing.. not a gazzilion.
If we see EURO/USD 1.18.... Varchild is seriously going in high gear preparation for a massive stock market meltdown that will be worse than the one in 2008.
Show me EURO/USD 1.18 and I'll show you DOW 5,000...