Friday, May 18, 2012

Black Friday or Monday?

Markets are on a edge of falling further.

EUR-USD shouldn't fall below 1.26, HSI shouldn't fall below 18000. S&P500 already below 1300, DJI shouldn't fall below 12200. According to money flow of block trades, there hasn't been any major outflows made by big institutions, yet. So far they have managed to keep their nerves. Otherwise we will see more selling and bigger capitulation.