Intraday Market Thoughts

Archived IMT (2010.07.07)

by Ashraf Laidi
Jul 7, 2010 22:54

JULY 7th MARKS THE ANNUAL "RUN WITH THE BULLS" in Plaza San Fermin, and Spain did exactly that today as it ran the ball with the Wall St bulls as US indices rallied +3%. Spain showed the world how to play chess with the football, keeping the Germans from touching the ball for 3-4 mins and preventing the referee from whistling any fouls for a remarkable 7-10 mins. Spain started today's game with 6 Barcelona players, passing, shielding, dribbling around the German players who had little choice but to use their superfitness and run around in circles. To its credit, the Muler(less) Germany did manage to scare with gripping counterattacks, albeit sporadic-were almost lethal. I pointed out in prev IMT the rationale for my forecast favouring Spain citing their far superior skill/intelligence/ballcontrol to the likes of Argentina (skillfull but clueless in midfield + lacking tactics), England (skillless + clueless) and Mexico (unlucky +intimidated). Sunday's final will see an explosion of talent in midfield+forwards btwn HOL + SPN. My prediction for a dutch WorldCup win is becoming very fragile as Spain has the confidence and indiv talent to keep the ball from Holland's back/midfield. Robben + Shneijder will have to work extra hard to remind Madrid why it was a costly mistake to let them go. More later in week. And USDCAD, GBPUSD and EURUSD all hit their targets of the day.


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