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Thursday, October 25, 2012

25th Oct open

As I had expected the bears have been set up and now the stubborn belief might sting them badly.

I continue to like trading the commodities and like both the wheat and beans.
We closed out of both yesterday booking nice returns and have bought again on the dips we have had overnight.
I don't see why we can see 1600 and 900 by the close of Friday.
Metals are having a nice pop while bonds are struggling to hold ground.
Looking at the astrology serious aspect at a important degree turn tomorrow.
That's why its very important for the students of astrology to take note of tomorrow.
While I had anticipated the market making a powerful top it could be a low.
That's why its important to observe tomorrow and not trade..
We also have numbers coming out to so its an action packed day.

On a lighter note.... we got news out of the fed alright.
LOL if you be mean to Ben he will leave...
I would flip Ben any day for Volcker.

I will be taking money of the table should market pop the grains over 890 and 1580 for the day.

As always use the above as an indicator to your own work.
Futures trading can produce huge losses and profits.
Ask your financial advisor on more on the above.

Tuesday, October 23, 2012

23rd morning Oct

Hello all

Market are falling away but the question you have to ask is why?
Fed meeting this week last one before the election ! So is Ben going to say something ?
Absolutely he is, at the end of the day if he can swing voters to vote for Obama then he will do what ever it takes.
Best way to force the Feds hand is by creating a correction when the chairman's ass is on the line...lol

Don't get sucked into the fall which is occurring at the present time. Use it to cover positions and look at potential lows in markets.
The double top and triple top myths are just that.
Market will roll up after the fan fair is over.
It's a lack of bids not a push of sellers which is bringing the market down.
Not a good ingredient to a sustained move.
To the funds out there notice how the A$ isn't participating in the fall..
That's telling you the obvious.. Suckers falls

To the MA account we covered our metal shorts at 1710 and while yes it might go lower we are sitting on huge gains this month and don't want to risk loosing them.
Being humble sometimes is the best trade.

Over the next couple of days I'm looking at the grains for a potential upside move(corn and beans).

With the market pick your price and let the market come to you. Don't rush it please note the 26th is coming for all the students of astrology. Very important time




As always use the above as an indicator to your own work.
Futures trading can produce huge losses and profits.
Ask your financial advisor on more on the above.