JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, 'news' out of Cyprus, no 'bank tax'. The market likes it so far. But it also means no bailout for Cyprus.
JI
jimkane
Rep: 3,058
Posts: 33,089
And now what started as a possible bounce play and let's see becomes a nice little pop, and may turn into something. That being said, watch this 40.75 here very closely, it is a nice little test for it, and the robot news algos may be done, and others have to step up now. I think there's a reasonable chance they will.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, the 'news' is that even though the 'bailout' is off with the no vote in Cyprus, the ECB will still provide liquidity within the rules. Too funny. Here's the terms or no deal. No, we reject the terms. Now it's no deal, right? No, if so the whole Euro project collapses. Cyprus out, then Greece out, then Spain and Italy, all in a flash. Game over. Okay, deal on. We'll just find another way to bail you out. Same old, same old. The news bots loved that one.