Hi readers ...
Friday trading should be about squaring up books.
It's not the time right now to be gambling on a yes or no vote regarding Greece.
As I said before no issue in Greece.
China is the huge issue and will take centre stage from mid next week.
For those who don't know China down again another 5%..
I got told that on Monday there are margin calls should the market trade lower.
Traders have got wind of this and have started selling the Hang SENG.
I noticed in Australia a large sell order came through from Asia just after the open.
Pushed many local funds on the sidelines waiting till the selling subsided before buying it back.
Then authorities talk about a transparent market, what a load of crap.
That's why people unless your in the group or you use astrology you will never get ahead in today's market.
Charts can be manipulated to suit ones conviction.
Anything which has an algorithm or is technical will always be manipulated.
Wall Street believes that they are beyond the China shake up but believe me when the shit hits the fan we will see if they are or not.
To the Australian readers be humble and stay in cash, a discounted market is on the way.
To the German readers your local companies are very cheap at the present time. Stay clear of car makers and look at buying the bio techs and pharmaceutical stocks.
To the American readers stay in cash, you are very overpriced at the present time.
Don't buy AAPL either as I said before the launch, there watch is a flop.
Prices from $399 are now $99 and they still can't sell them.
Don't be surprised if they take them off the shelves soon, retailers can't sell them.
Oil is continuing to grind down slowly, this will excelerate once the news comes out from China soon.
Metals continue to do nothing.
Grains had some book closing for the summer.
But should push up this week .
In currencies no astrology is affecting any currency at the present time but that will all change at the end of the month and August.
Friday trading should be about squaring up books.
It's not the time right now to be gambling on a yes or no vote regarding Greece.
As I said before no issue in Greece.
China is the huge issue and will take centre stage from mid next week.
For those who don't know China down again another 5%..
I got told that on Monday there are margin calls should the market trade lower.
Traders have got wind of this and have started selling the Hang SENG.
I noticed in Australia a large sell order came through from Asia just after the open.
Pushed many local funds on the sidelines waiting till the selling subsided before buying it back.
Then authorities talk about a transparent market, what a load of crap.
That's why people unless your in the group or you use astrology you will never get ahead in today's market.
Charts can be manipulated to suit ones conviction.
Anything which has an algorithm or is technical will always be manipulated.
Wall Street believes that they are beyond the China shake up but believe me when the shit hits the fan we will see if they are or not.
To the Australian readers be humble and stay in cash, a discounted market is on the way.
To the German readers your local companies are very cheap at the present time. Stay clear of car makers and look at buying the bio techs and pharmaceutical stocks.
To the American readers stay in cash, you are very overpriced at the present time.
Don't buy AAPL either as I said before the launch, there watch is a flop.
Prices from $399 are now $99 and they still can't sell them.
Don't be surprised if they take them off the shelves soon, retailers can't sell them.
Oil is continuing to grind down slowly, this will excelerate once the news comes out from China soon.
Metals continue to do nothing.
Grains had some book closing for the summer.
But should push up this week .
In currencies no astrology is affecting any currency at the present time but that will all change at the end of the month and August.
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