Hello all
As mentioned in the above post Monday's 1354 was the low and today I believe we might be close to the top for now.
In other words all the WHO WHA is over and a reality check might be on our way.
Market didn't get anything from the Fed either.
I'm actually quiet pleased that the Fed didn't give the market any hints about moving forward or cushion.
To have a real strong market you need the market to stand up on its own two feet not keep pumping more money into the system.
Ok its doing it on the quiet but not publicly...LOL
Sure the market will swing around but a market can price assets accordingly not intervention.
Look at the BOJ, every time they have stepped into the market with in a month its gone (the yen's value )past what it was when they moved.
Now with no intervention you are seeing the market price the yen accordingly.
Same as the Euro right now, with the EU central banks taking on all comers who want to short it.
In trading I'm covering my positions at the 1388 It might have a little more but I'm happy with 20 handles.
I am going to look to the short side as I think the market might just correct back to the 1370-1375 area.
I am buying July Coffee under 176 and June gold under 1645..
Market might be in for a shake out of the bulls now as it did shake out the shorts at 1378-1380..
Just my humble opinion.
Also just want to make the point with Apple..
I am not a Apple hater!!!!
I think its a great company with huge potential, and can turn the tables on the world to show what Us technology is capable of.
The fact is the companies Astrology isn't good at all at the present time and that's why I will continue to short the stock at every time opportunity presents itself.
Until September both bulls and bear will make money on this stock its after September that you can sleep at night long the stock.
Cheers
As mentioned in the above post Monday's 1354 was the low and today I believe we might be close to the top for now.
In other words all the WHO WHA is over and a reality check might be on our way.
Market didn't get anything from the Fed either.
I'm actually quiet pleased that the Fed didn't give the market any hints about moving forward or cushion.
To have a real strong market you need the market to stand up on its own two feet not keep pumping more money into the system.
Ok its doing it on the quiet but not publicly...LOL
Sure the market will swing around but a market can price assets accordingly not intervention.
Look at the BOJ, every time they have stepped into the market with in a month its gone (the yen's value )past what it was when they moved.
Now with no intervention you are seeing the market price the yen accordingly.
Same as the Euro right now, with the EU central banks taking on all comers who want to short it.
In trading I'm covering my positions at the 1388 It might have a little more but I'm happy with 20 handles.
I am going to look to the short side as I think the market might just correct back to the 1370-1375 area.
I am buying July Coffee under 176 and June gold under 1645..
Market might be in for a shake out of the bulls now as it did shake out the shorts at 1378-1380..
Just my humble opinion.
Also just want to make the point with Apple..
I am not a Apple hater!!!!
I think its a great company with huge potential, and can turn the tables on the world to show what Us technology is capable of.
The fact is the companies Astrology isn't good at all at the present time and that's why I will continue to short the stock at every time opportunity presents itself.
Until September both bulls and bear will make money on this stock its after September that you can sleep at night long the stock.
Cheers
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