Kick Lynas Back To Australia
On Friday 26 of the 27 European Governments have agreed to give up part of their sovereignty in their budget planning (tax and spending). UK is the only country that has opted out.
Some have viewed the EU Summit as just another plan to make a plan. Details are missing except vague phrases. But the US and European markets gained between 1.5% to 3% with the hope that there is a planned large scale QE in the pipeline. More money will be printed in Europe to avoid a possible Euro-zone breakdown.
Some have viewed the EU Summit as just another plan to make a plan. Details are missing except vague phrases. But the US and European markets gained between 1.5% to 3% with the hope that there is a planned large scale QE in the pipeline. More money will be printed in Europe to avoid a possible Euro-zone breakdown.
I choose to consider any rebound as short-term. I am still talking about a wave 2 of major wave C rebound. It is possible for wave 2 to end at this level as shown. A small 'Double Tops' pattern.
Or it may proceed to form a higher degree 'Double Tops' reversal pattern with 5 sub-waves run-up. The run may be able to last until mid January 2012.
Be careful.
Wave of Clark Little
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