Chart & Model updates.... Doom-and-gloom tracker beats risk-on....

The level of the EURUSD tells you where the world is......the things to watch over the next few days are:

• Gold - new high yday - can it continue and is this the final test FIAT money?
• USDJPY - to have serious RISK OFF - we need USDJPY to break below 92.10/92.00
• S&P reverted perfectly last night on 1168+-1 the level my favorite chartist Andrew Baptiste of Morgan Stanley called for as line in the sand, but today is another day - the politicians already congratulating themselves for their success while EURO goes from low to low and the press in Germany is up in arms. We are once again the schmuck of Europe - German press (click for story)
• Finally, I enclosed the "principles" of Ray Dalio - one of the power houses of global macro. This is the 2010 version (and 80ish pages): Ray Dalio principles @ Bridgewaters (click for link and download pdf in the page)

Be safe,

Winston :-)