Getting Ready To Be Ultra Short

Futures were under pressure throughout the overnight session, and finally broke through a falling wedge after the NFP number.  No idea what the number was.  Don't care.

1350 is the 38% level on the cash.  We could easily see that, or even lower, before heading to the 1380-1400 sell zone.  Below 1334.40 would have me scratch this analysis.

I call the 1400 area a sell zone for good reason, because the latest socionomic indication of sky-high social mood says it is. 

Women's ultra-short shorts are on the rise

"Who wears short shorts? This season, scads of women."

According to socionomic theory (and in Robert Prechter's exact words), "when people are feeling bold and frisky, they buy stocks and wear more revealing clothes.  When they feel threatened, they sell stocks and wear more concealing clothes."

"Whether cut from day-glo denim, balanced with a blazer or seemingly swiped from an '80s aerobics class, the ultra-short bottoms are "in every single store," says Seventeen fashion director Gina Kelly."

It sounds as if people are bold and frisky this season.  I'm ready to be ultra short.

Another thing I found interesting this morning was this:

Merkel Approval Rises to Highest Since 2009 After EU Summit


Chancellor Angela Merkel’s approval rating rose to the highest since 2009 as a majority of Germans backed her handling of the euro area’s debt crisis, according to a poll taken after last week’s European Union summit.


Merkel’s stance was backed by 58 percent of respondents in the poll for ARD public television, suggesting that her rebuff of calls by Italy and Spain for Germany to help underwrite the entire currency union’s debt is paying off at home. 

This is yet another indication that Germany itself may be the key to the Euro Zone.