RED lights blinking ….
In the case that markets close here (1.260 S&P) or lower at tomorrow’s close …
And I expect that … to be honest
Then we would face a FRESH WEEKLY SELL SIGNAL in the major indices 
Done with the summer holidays and back to work 
New yearly lows lurking …
Expect some chart updates over the weekend …
Apart from the charts …
if(!) somebody asks for a reason to sell … give me first one to buy …
Bill Gross said today … he sees a destructive financial Tsunami … late … but not too late
ECB … will require more collateral = lower leverage … autsch
And about falling rates in Europe … Forget it … even 2009 could be doubtful as inflation works slowly through the system …
Stay tuned!!!
Tags: Bill Gross, ECB, outlook
