I thought I was done blogging for the day, but the good people of Europe decided to change that.
The news broke that the leaders of Europe would provide funds without requesting any austerity plans in return (basically money for nothing; the chicks for free was unclear). The explosive rally across the board is impressive. Here's the Euro:
Friday will almost undoubtedly be a banner day for the bulls. All I'd like to ask is that you keep some perspective. Because the chart above is bullish. The chart below – – the exact same market, just from a longer-term perspective – is decidedly not.