I think it is all over for bulls....it could prolong a little bit coz all central bankers are afraid of the inevitable collapse of the house of cards they have built with liquidity.It did show that how fragile and brittle the world economy is .It started shakign with a small default like dubai.Guess what will happen if UK or some other big economy says sorry mate i cant pay.All those bullish guys will go extinct.We had an unbelievable liquidity rally and i am surely we will have an unbelievable fall.This mkt will nto respond to any more stimulus in the future and what makes anyoen think that people have the power to provide more stimulus.Things would have settled around march april if these so called central planners would have left the market alone but now things are getting much worse.That is why gold is flying coz people have no clue what is coming and the chaos these guys have created.
So crude is around 75$ once it takesout 81 it goes to 91 100$ and if they dont stop the $ fall well see crude do the most unbelievable stuff to sink and tank markets again .But my guess is they will pull the plug nowbelow 72 crude could sharply fall 20 30% easily .Gold shows the same pattern of a major top at 1191 and is in for a 20% minimum correction(i think) .So if this mtk comes back today and tomorrow people will press shorts to see if some major problem comes out.Something bigger than dubai is coming .Things dont sell off for such a small problem.So lets see how it goes
