And missed that run up. And got clobbered on some kiwi.
The freaks cut rates a 1/4 so I had to consolidate my accounts as my NJ acct was just over 15%. I bought a few more going down into 80.00.
but wish I had bought them more closely spaced at that point.
After acct consolidaton my margin useage is back around 4.3% which is much safer. It is just a matter of time before NJ swings back. IT fell a good 100 pips though. SO I do have around 2000 pips of NJ drawdown now.
But if I hold this account for 12 months I will earn more than that in interest.
So I am digging my heels in.
And am a little disturbed I have all my profits tied up. It was either that or operating at 15%, which is nuts. This way with 4%. I can sutain a real big run down. Interest is going to go down slightly. But the spread is still 6.75 I think.
So for now I am sidelined on GJ until I can refund my other acct.
And considering that 138.1% is 216.01 I think thats where significant resistance lies at least for now.
But I also thought 214 would be no problem and it wasnt. But I thought for sure 214.50/60 was going to be a tough point to jump over. But was I wrong.
She blew past 214.50, like she didnt even see there was a BUS stop there.
I think she is getting ready to come down to 76.4% at 212.42. Look at the 60 MIN She looks poised to fall hard right NOW.
Wow should I short GC?
(evil grin)