Hi readers
So the market is all excited now that the vote is over big deal?
China has a stabilisation fund to support the market.
Australian investors get excited that the market is a buy at the low levels..
Really people!!!!!
If you think that the market will rally then by all means pin your ears back and buy it.
My work isn't showing any rally at all to get excited about..
More of a hollow bounce, just needs a pin to pop and it will sink quickly.
Yes many have posted to me Mahendra views.
My work disagrees..
Keep throwing darts and eventually you hit your target.
Only problem is if you trade it you'll end up broke before it gets there.
Trades I hold today.
Short ASX200 5520
Short S&P 2076:25
Short NAS 4443
1.5%-2% move down from these levels I will book profits.
China still falling down now flirting with the 3500 level.
Hang Seng just above 25000, that will close under tomorrow.
Let you all know that Europe is fearing a money market squeeze if they pull the pin on Greece.
No one care if Greece stays or goes, it's what will occur to the lenders who will be exposed to massive right downs.
Those lenders will find it difficult to lease money from other lenders.
Unless the German and French underwrite them for the debt.
It's very complex for small traders to understand but it could become a huge issue down the track.
Saw an article on the net that Chinese investors are pulling out of property in Queensland.
In the first 6 days of the new financial year the property market has hundreds of listings from Asian investors wanting to sell.
Music is still playing and there already racing for the exit..
I hope no Australian investors are in debt to there eyeballs on property.
Those of you who are old enough to remember the Japanese buyers back in the 1980 buying and paying double prices for property, then once the Stockmarket gave way, property was half prices, and in some cases in Broadbeach 75% less that what the property was worth.
I know because my brother bought a whole strip of shops (9) for under $400K.
Ended up selling it to LENDLEASE in 2006 for a pretty packet.
Just stay cashed up readers if your interested in buying property long term.
Opportunity of a lifetime is coming.
So the market is all excited now that the vote is over big deal?
China has a stabilisation fund to support the market.
Australian investors get excited that the market is a buy at the low levels..
Really people!!!!!
If you think that the market will rally then by all means pin your ears back and buy it.
My work isn't showing any rally at all to get excited about..
More of a hollow bounce, just needs a pin to pop and it will sink quickly.
Yes many have posted to me Mahendra views.
My work disagrees..
Keep throwing darts and eventually you hit your target.
Only problem is if you trade it you'll end up broke before it gets there.
Trades I hold today.
Short ASX200 5520
Short S&P 2076:25
Short NAS 4443
1.5%-2% move down from these levels I will book profits.
China still falling down now flirting with the 3500 level.
Hang Seng just above 25000, that will close under tomorrow.
Let you all know that Europe is fearing a money market squeeze if they pull the pin on Greece.
No one care if Greece stays or goes, it's what will occur to the lenders who will be exposed to massive right downs.
Those lenders will find it difficult to lease money from other lenders.
Unless the German and French underwrite them for the debt.
It's very complex for small traders to understand but it could become a huge issue down the track.
Saw an article on the net that Chinese investors are pulling out of property in Queensland.
In the first 6 days of the new financial year the property market has hundreds of listings from Asian investors wanting to sell.
Music is still playing and there already racing for the exit..
I hope no Australian investors are in debt to there eyeballs on property.
Those of you who are old enough to remember the Japanese buyers back in the 1980 buying and paying double prices for property, then once the Stockmarket gave way, property was half prices, and in some cases in Broadbeach 75% less that what the property was worth.
I know because my brother bought a whole strip of shops (9) for under $400K.
Ended up selling it to LENDLEASE in 2006 for a pretty packet.
Just stay cashed up readers if your interested in buying property long term.
Opportunity of a lifetime is coming.
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