You go to the fisherman's market to buy fish. That market smells. There are no allusions of the place. You are looking for fresh fish while some merchants will sell you day old fish, but of course dress it up to make it look fresh or try to preserve it in ice. But what if the ice melts? Which I think is happening in Europe today.
Things are starting to smell again. Is this a 3 leg down, in ElliottWave parlance?
If so the market must give back yesterday's gains. Please read this Bloomberg article. Big drops in Europe. Might be good for the dollar though compared to the Euro.
http://www.bloomberg.com/apps/news?
pid=20601087&sid=a3BgW.MHBVfE&refer=home
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