


Dear Readers, This sell off has created a high Buy Pressure in SPX, but I do not want to jump the gun here. Markets are will be volatile and will go down only reluctantly, cause money is easy and people are not in a hurry to depart from stocks/gold/oil, you name it. It is better than holding $US, I guarantee you that! So, let the markets come up a bit if they want to. I am not a buyer at this time even though it can be played from both sides.
6 comments:
Boris,
For a few hour day trade?
old john
Dear John, Maybe... -:)
Good Trading
Boris,
As usual , I am overly cautious and careful,
thanx
old john
Boris,
looked at the charts and dailyfx- the yen is now back
old john
Dear John,
Indeed, all morning for me and night for you , indices were pressured by YEN hovering low, but it has come up and that caused the indices to turn positive.
Absolutely my friend.
Good Trading
Hi Boris,
I just sent you two jpegs of the trendline charts..up to date..
I did the charts when the $SPX was at 1467.59 they are a little lower now...
Regards,
Mark
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