Morning all
Once again another tick for astrology.
So where to next is the big question.
Well today I have a potential blow off occurring but due to the option expiry this might not occur.(blow off)
We shall see, but any case the market will trade higher so please consider booking your profits today.
Now over the next month or so if you have a heart condition, or bloody pressure issues please don't trade.
The market over the next 30+ days will become extremely volatile.
For those who thought the debt crisis in the US had disappear think again.
Yep its time for the US to get its financials in order and it should be done very quickly.
We see the metals taking a serious hit at the present time.
Yes a number of emails on the issue have asked for comment.
Fact is there is one more day of this negative move and then the tide should turn and turn aggressively.
News out of China was that growth will be around 7.5% for the year and that reform for the Yuan reforms will be rushed through.
Well my friends this is all Bull Shit.
To announce these in a mercury retrograde period suckers will believe it ( the media & Politicians).
To the Fund Managers Japan will find itself in a debt crisis also next year and shorting the yen is a way to play it but don't short Japanese stocks.
I'm looking or hoping for a 125 bounce before jumping in but it doesn't look like it at present time.
I don't have negative aspect for the bonds as some have asked.
Anyway bottom line is at the present time the March ES is at 1398.50 once 1400 is hit that should be the cue..
As always be smart and book your profits. Yes technicals will scream buy and maybe so but my work is what it is..
Cheers
Once again another tick for astrology.
So where to next is the big question.
Well today I have a potential blow off occurring but due to the option expiry this might not occur.(blow off)
We shall see, but any case the market will trade higher so please consider booking your profits today.
Now over the next month or so if you have a heart condition, or bloody pressure issues please don't trade.
The market over the next 30+ days will become extremely volatile.
For those who thought the debt crisis in the US had disappear think again.
Yep its time for the US to get its financials in order and it should be done very quickly.
We see the metals taking a serious hit at the present time.
Yes a number of emails on the issue have asked for comment.
Fact is there is one more day of this negative move and then the tide should turn and turn aggressively.
News out of China was that growth will be around 7.5% for the year and that reform for the Yuan reforms will be rushed through.
Well my friends this is all Bull Shit.
To announce these in a mercury retrograde period suckers will believe it ( the media & Politicians).
To the Fund Managers Japan will find itself in a debt crisis also next year and shorting the yen is a way to play it but don't short Japanese stocks.
I'm looking or hoping for a 125 bounce before jumping in but it doesn't look like it at present time.
I don't have negative aspect for the bonds as some have asked.
Anyway bottom line is at the present time the March ES is at 1398.50 once 1400 is hit that should be the cue..
As always be smart and book your profits. Yes technicals will scream buy and maybe so but my work is what it is..
Cheers
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