Let see what the market throw at us on this Thanxgiving Day.
Meredith Whitney was out on national TV before US market open, throwing cold water on Banks, Citi, etc.
Meredith is a well listened to figure, especially since she called for Dividends Cut at Citi when its share price was still at 50.
However, has the market made a significant low ? The traders are still piling into short selling if not waiting to short sell.
Some how the low would be retested at some point in the future.
See if Euro can break 1.3300 convincingly pre and post Thanxgiving. Now at 1.2919.
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