Opko Health Inc (OPK)

[Tmguns]

well, here's an ounce of my technical suspicion, we are in the midst of a deadcat bounce in oversold markets with extreme fear, It would not be out of the realm for the S&P to claw its way back to the 1950 area, Mario Dragi has confirmed my suspicion yesterday by espousing QE measures in the EU in the offing, this will happen worldwide as the velocity of M1 money has fallen off a cliff.This spells deflation!!! the FED's worst enemy.This put a bid into yesterdays market. I believe we'll gain some traction, albeit will be short lived once we get to that 1950 area of which will be a prime area to get short once again. I did go long OPK at 7.29 just for a disclosure and will sit tight and ride this bucking bronko for a bit longer. I'm still of the volition, even more so after yesterdays unemployment figures that pierced up through the down channel set forth since 2009, is now signifying recession and the oil patch unemployment nos. have yet to be factored in the monthly figures so its going to get really ugly in that arena. Oddly as it is, Obama will be ending up with a legacy of bad debts and swooning markets of which he'll refuse to take the blame for, that he received from GW and the next president will be able to do the same blame game rhetoric that we had almost 8 years ago.