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Tuesday, July 7, 2015

Have the supports given up?

Hi readers

Everyone who reads this blog can't say I never told you so.
Talk is cheap and actions aren't there.
In fact actions of pricing a market is either a cartel or an illusion.
You can't prices an open market, it will never work.

So as we can all see it now China down 6% and under 3500 and the Hang Seng down 4% under 24000.
This is the beauty about bear markets they move fast .
Question is who else is next for a readjustment in market value..
Today in Europe and in the states tomorrow we might get the margin calls which will add more fire to the flame.
Expect many hedgefunds with Asia exposure to wear big losses.
So then what occurs is you sell out of positions which are positive to cover the losses so your investors don't freak out.
In turn that just runs the market further down.
We haven't even begun to talk about the property valuations now either.LOL

The U.S., Canada, Australia and New Zealand should be next for a cut in prices

I wanted to pick up same positions again but couldn't see it happening .
Anyway below are my trades, need to sleep big day today ...

Asx200 short 5488
S&P short 2068.50
NAS short 4409

Catch you all in the morning
As this is being written
China down 5.22%
HK down 4.42%
Government might step in to actually start buy it now, instead of talking shit..


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