As expected, the trend is downward today. The mainland European markets were down yesterday and oil is up today ($71.50) - there have been street fights in the US about high prices, it's called GAS RAGE.

Not a good day to buy.

There's been a rally from the lows of the last week or so but I think we're in a bear market [short term]. This is a boring phase, things will tinker along, up one day and down the next with no overall movement until something drastic drives the direction.

I'm expecting, hoping for and ready to pounce on a dip and another rally. I love spikes.

Sounds like a weaker dollar is on the way. I don't know what this means yet, but I think it is a sign of a lack of confidence in the US economy from all sides - those that buy it to raise its value / hold it as a safety etc. Surely the Euro is becoming a good alternative. What does that mean for the world?

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