DEAR READERS
DUE TO SERIOUS FAMILY CIRCUMSTANCES I STILL CAN NOT BE HERE EVRY DAY TO POST. I CAN ASSURE YOU THIS WILL CHANGE AFTER NEXT WEEK. IT HAS ALL TO DO WITH ILLNESS OF MY DAD. NEXT WEEK IS HIS LAST WEEK OF THERAPY AND HOPEFULLY ALL WILL BE FINE. IN THE MEANTIME I KEEP FOLLOWING THE MARKETS. CURRENTLY WE ARE ON KEY POINT 155.60. I EXPECT ONE FINAL MOVE UP TO 158.00 AND PERHAPS 159.00. I WOULD LEAVE THOSE 2 LEVELS AS A SELL ORDER.
IF THERE IS AN OVERSHOOT TO 160.00 WHICH I DOUBT, SELL THAT ONE AS WELL.
IN THE LATTER SCENARIO WE WILL HAVE A 1:10 LEVERAGE ON AVERAGE OF 159.00
AFTER THIS UPSIDE TEST I EXPECT A BIG FALL TO 15000/14500 AND PERHAPS DEEPER. THE STOCKMARKETS HAVE BEEN VERY PUMPED UP. EVERY DAY YOU SEE AN HIGHER S&P BUT ON LOWER VOLUME. THE STOCK MARKET IS RUNNING OUT OF STEAM AND READY TO COLLAPSE, HARD! THE CROWD IS BEING MANIPULATED AS MUCH AS POSSIIBLE BY US GOVERNMENT AND ITS ALLIES IN THE BANKING INDUSTRY AND FED AND ALSO HELPED BY THE MULTI STREAM MEDIA. SOON IT WILL BE OVER. I TRUST TO MAKE A GIGA MOVE ON THIS GBP/YEN POSITION. USUALLY, PATIENCE PAYS...!
REGARDS
PETER
Saturday, August 22, 2009
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2 comments:
Hi Pal, hope you troubles are at an end. My best wishes to you and your family
regards
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