Now it is time to prepare for a possible EURO drop that will make the stock markets fall

The EURO took a new 2 year low Friday and the monthly chart gives a severe warning for the coming weeks and months. A monthly close below the horizontal line at 1.1787 could technically send the Euro down to 0.9000 area which would trigger a collapse of all markets. It is not time yet and this drop could be stopped but since this is the most important factor in the world economy in my view I would like you to keep this picture in mind. The real reason why the stock markets fell Friday afternoon was the Euro, nothing else in my opinion.