Hello all ...
We see that the market is still pushing higher but is it?
Friday I didn't see serious money buying the market in fact I saw good selling.
Yes the market can always trade up even tho there is good selling.
It looks to me that the shorts have given up.
This is where as a bull you just want to stick the knife in a twist it.
By that I mean let the market fall back to the 1470 -1475 area so suck the shorts back in or even lower.
The Astrology is still supporting the downside, but at present we are not seeing and movement in that direction.
In the metals we are seeing the day traders play both sides of the market and good luck to them.
In the grains we also see shake ups occurring but no serious movement.
The action has been in the currency market where the yen seems to be falling out of bed while we got figures that the ECB banking system is slowly draining.
Who are they kidding??
With the yen falling out of bed I seriously don't know when it will stop.
It was my view that the BOJ would support it at the 110 level but as its prepared to let it free fall this is very dangerous.
Its more the lack of buyers than the lack of selling going on.
In the other currencies there all just slowly drifting.
With the political events which have taken place in Australia last week the $A could attract some serious uninvited attention.
To the Financial astrology students we see very powerful astrology taking place Sunday, Monday and Tuesday.
One should either stay out of the market or consider the risk off trades.
`
To the MA a lot of our trades in gold, silver and cotton didn't get triggered except the Beans.
See how things play out this week.
For the month of Jan as your all aware we had a disappointing month.
Having a drawdown of 4.55%.
To had salt to the wound,this comes as the market had a 5.49% return for Jan.
So the disappointment is evident.
We are still holding the bonds and the oil trade for the next couple of days.
As always please use the above as an indicator to your own work.
Futures trading can produce huge profits and losses
Past performances are no guarantee for future performances.
Ask your financial advisor on more on the above.
We see that the market is still pushing higher but is it?
Friday I didn't see serious money buying the market in fact I saw good selling.
Yes the market can always trade up even tho there is good selling.
It looks to me that the shorts have given up.
This is where as a bull you just want to stick the knife in a twist it.
By that I mean let the market fall back to the 1470 -1475 area so suck the shorts back in or even lower.
The Astrology is still supporting the downside, but at present we are not seeing and movement in that direction.
In the metals we are seeing the day traders play both sides of the market and good luck to them.
In the grains we also see shake ups occurring but no serious movement.
The action has been in the currency market where the yen seems to be falling out of bed while we got figures that the ECB banking system is slowly draining.
Who are they kidding??
With the yen falling out of bed I seriously don't know when it will stop.
It was my view that the BOJ would support it at the 110 level but as its prepared to let it free fall this is very dangerous.
Its more the lack of buyers than the lack of selling going on.
In the other currencies there all just slowly drifting.
With the political events which have taken place in Australia last week the $A could attract some serious uninvited attention.
To the Financial astrology students we see very powerful astrology taking place Sunday, Monday and Tuesday.
One should either stay out of the market or consider the risk off trades.
`
To the MA a lot of our trades in gold, silver and cotton didn't get triggered except the Beans.
See how things play out this week.
For the month of Jan as your all aware we had a disappointing month.
Having a drawdown of 4.55%.
To had salt to the wound,this comes as the market had a 5.49% return for Jan.
So the disappointment is evident.
We are still holding the bonds and the oil trade for the next couple of days.
As always please use the above as an indicator to your own work.
Futures trading can produce huge profits and losses
Past performances are no guarantee for future performances.
Ask your financial advisor on more on the above.
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