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Wednesday, May 23, 2012

Evening all

What a wonderful day for trading, market went down as expect and bounced again which was great.
Just gives us another opportunity to short again I think.
As for the metals well what can you say, there in deep trouble and its only going to get worse.
$1400 or lower is my target for the August gold.

As for the bonds yes they look toppy but I gutsy and I might say stupid trader would short them at this stage.
Lets see what the weekend brings before acting I think is best .

As for the whipping stock Face Book what can you say.
Now I saw something on the net which I just laughed at Lawsuit in New York....
Your either stupid of just want to spend money for nothing..
The Banks own the court system in New York..

If the MF Global senior management got away with loosing billions and not even paying a fine forget about jail time but a fine.
Then this Lawsuit is dead in the water and hope no one who reads this blog is participating in it as it will cost you money.
Just a bad investment move on ..

I also saw CNBC talking about Apple stock technicals and the turn around while it might be the case not yet ..
Stock should go lower before trading higher. that's what my Astrology is showing .

cheers

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