1 minute with ForexSurvivor

A.        (15October US) Latest Impact: I don’t believe a word!!

The Rescue Plan, although was aired at the beginning of this week, can’t start working immediately. The billions of dollars that would be thrown out for an already dead system (that will never revive with those strategies implemented) can’t be injected before January (banking procedures), then at least another 2 months are needed for the Congress to do its own research about the bail out to check whether it is effective or not.

So till then, the probability that equities find or found already a base is null. All in all, we haven’t reached well 2003 low (the date US entered Iraq).

Equities rebound won’t be sustainable and the ‘conspiracy’ (crisis) plan has not met its target yet (Dow 6700).

B.        Signal

n/a

Limit Order Valid till 10 October

C.        Mission Accomplished:

n/a

Position(s) Closed

D.        The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ****