Quote:
Originally Posted by Al Zheimer
Trust yourself and the things that you feel are right- and you should be alright. Besides, if you do this- you know who to blame if things don't work out, the first time. So, you try again with a different tactic.
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Most of the time I blame myself cause nobody and nothing can make a decisions for myself. The only thing is that myself (and probably rest of you as well) are all dependant on bigger guys ths is a common sense knowledge. The fact the big guys screwed up financial systems because of their uncontrolled greed doesn't change the fact of uncontrolled flow, whip-sawing in markets, credit freeze -all these make everyday trading impossible if not deadly risky at the best, so I don't complain as I'm sitting on the hands now.
Was just jolling up
with this bank ques
I don't know where is the bottom and nobody knows. For now I sense some reversal and retracement, in Guppie girl 175.00 wouldn't be a high call, then maybe another wave of a market spasm. Things won't get better unless lending rates will start to go down.
However I can see first silver lining in bond markets. Long term yields are going down -and the demand for them is decreasing from extremes. That could mean credit conditions maybe turning up for a while this should also send the Greenback lower (will take some USD shorts on Monday).
I agree 175 could be a sell order, but equally I wouldn't be suprised with some trap and rapid retracements above it. See what happens on Monday opening.
GBP has broken multi-year up channel support line, so it should be tested to stay as a resistance. See attachment.
guppie.jpg
Any other calls ?
