Morning
Yesterday we got the fall we expected but no follow through in fact we got a reversal.
For the market to close where it did( in positive territory) on such a negative aspected day is a very serious danger sign for the bears.
If you ever wanted to see a hedge trade then look no further than the indexes, Sell Europe/Buy US.
To my fellow bear brothers this is not the time to stand up and take on this bull.
My reading of yesterday is that this bull is just strenching his legs and is getting ready to run hard.
This bull can see blood and has put the his front foot half cocked out there.
There will be a time to take this bull on but not now, dont stand in front and he will run right through you.
Use the down moves as opportunities to buy.
The best thing for all bears is to jump on board the run and wear him out sooner, as the weight of numbers will be too heavy for him to continue running hard.
Looking forward we see small down days but no 2% down days for the month, so play the odds.
In fact the next serious down day is 2nd Dec.
Wednesday the 9th looks to be an nice up day which gathers momentum as the day progresses.
The 10th of November full moon is still showing some sort of bottom to hold give or take 24 hours.
Question you should ask yourselves?
IF you where a $200 million manager, where would you invest your money Europe or US.
Thats whats going on.
Take a look at copper today as its got positives today and tomorrow which might pop the price up on it.
As always use the above as an indicator to you own work.
cheers
Price as this is being written 1250.25
Yesterday we got the fall we expected but no follow through in fact we got a reversal.
For the market to close where it did( in positive territory) on such a negative aspected day is a very serious danger sign for the bears.
If you ever wanted to see a hedge trade then look no further than the indexes, Sell Europe/Buy US.
To my fellow bear brothers this is not the time to stand up and take on this bull.
My reading of yesterday is that this bull is just strenching his legs and is getting ready to run hard.
This bull can see blood and has put the his front foot half cocked out there.
There will be a time to take this bull on but not now, dont stand in front and he will run right through you.
Use the down moves as opportunities to buy.
The best thing for all bears is to jump on board the run and wear him out sooner, as the weight of numbers will be too heavy for him to continue running hard.
Looking forward we see small down days but no 2% down days for the month, so play the odds.
In fact the next serious down day is 2nd Dec.
Wednesday the 9th looks to be an nice up day which gathers momentum as the day progresses.
The 10th of November full moon is still showing some sort of bottom to hold give or take 24 hours.
Question you should ask yourselves?
IF you where a $200 million manager, where would you invest your money Europe or US.
Thats whats going on.
Take a look at copper today as its got positives today and tomorrow which might pop the price up on it.
As always use the above as an indicator to you own work.
cheers
Price as this is being written 1250.25
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