it tested 1296ES the top of my trading range gave last night, it failed passing Mid-BB again today. The selling was related to the rejection of Portugal budge plan. Current funds will run out before June.
Wednesday, March 23, 2011 4:58:46 PM
*(PO) PORTUGAL PM SOCRATES SUBMITTED HIS RESIGNATION - PORTUGAL MEDIA
- Says to meet political parties on Mar 25th, govt to remain in place until then
- Submitted resignation to President (as expected)
- Warns accepting foreign bailout would result in tougher austerity
- Greece and Ireland bailout conditions imposed by lenders were tougher than the plan he proposed.
