It was the week before Thanksgiving, and the bias is usually to the upside but instead we had big declines, big rallies which means a lot of volatility. At the end of the week the indices manage to gain despite concerns over credit meltdown and energy prices. It was also option expiration week and that might explain the volatility.

However Investors are looking for safety and WTI participants are searching for direction. No doubt we are living very difficult times. OPEC is considering abandoning the USD under the pressure of Venezuela and Iran. The euro is again at an all time high against the greenback, bonds reached 116 and Goldman Sachs downgraded Citigroup to a sell.

The Japanese yen continued its rally in the 110 range against the USD and climbing to 161 range against the euro. The yen is the best performing currency among the 16 most actively traded.

More geopolotical events more economic releases and more earning releases will help, or not, define the future direction, but we will have also a short week because of Thanksgiving,

Mr Doleschall, maintains the lead with gains of 732 % followed by Tamás Czajner with gains of 522%.