Ratio rejected again at 2,618 fib, printing an ominous weekly candle so far.
As M. Armstrong reports, "more than 64billion$ of investing capital left the country during the first quarter of the year. Credit war is on, as Russia cancels bond sales for 7th time in in row, since couldn't find any buyers in the international markets, pressing interest rates to soar".
armstrongeconomics.c...tors-dumping-russia/
armstrongeconomics.c...redit-crisis-of-war/
Ratio says it pays to be short large caps and long small caps, as RSXJ looks like finding a short term bottom around 28.5$ area.
Cheers
P
As M. Armstrong reports, "more than 64billion$ of investing capital left the country during the first quarter of the year. Credit war is on, as Russia cancels bond sales for 7th time in in row, since couldn't find any buyers in the international markets, pressing interest rates to soar".
armstrongeconomics.c...tors-dumping-russia/
armstrongeconomics.c...redit-crisis-of-war/
Ratio says it pays to be short large caps and long small caps, as RSXJ looks like finding a short term bottom around 28.5$ area.
Cheers
P
