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12/27/11

Chart of the day is...

...The Euro, weeklies.
Much has been made of the technical support/barrier/ceiling/floorpan/whatever it's called by the charties 1.30 level for the Euro. And of course mucho mucho was made of it when we saw the Euro briefly dip under the technically/psychologically/we-all-gonna-die important 1.30 just before Christmas.

One thing that your humble scribe can guarantee is that the same shrill voices won't make as much noise about the rebound to above 1.30....cos it's all squigglyline bullshit, y'see. But as long as these charlatans are given an audience (that's where you come in) they'll just keep on squawking at the next random walk of a pattern that comes their way.