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Sunday, November 6, 2011

Adam Hewison: The Greek Mindset Rocks The Markets!

One of my favorite musical pieces, is the music from Zorba the Greek. If you haven’t heard the music, or if you were too young to have seen the movie (1964), starring Anthony Quinn and Alan Bates, you might want to watch it. The movie captures the Greek mindset perfectly, and that mindset is still in place almost 50 years later. Zorba the movie is available on Netflix to those of you who still use that service.

To carry the musical metaphor one step further you might want to classify last weeks market action, as pure rock and roll. We rocked and we rolled, but by the end of the week when the music had stopped, nothing was settled, despite the G20 meeting in one of the ritziest towns on the French Riviera.

Funny, we don’t seen to see any of these politicians pulling back on spending our money, while preaching austerity to the world. And what did they accomplish? They basically accomplishing nothing while eating good food and drinking good wine and schmoozing. Sounds like a party to this observer.

I could go on. but let’s get to the heart of the matter, and that is how the markets closed for the week, and what new surprises does the next week’s trading have in store for us.

Okay, now let’s go to the charts and the video covering the six markets we cover publicly, and see what our Trade Triangle technology is telling us about the direction of the markets.

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