Tuesday, August 30, 2011

Week 4 - August 2011 Markets

I question myself when i take a new position?
What has changed from last week? Well
  1. US and other western markets have broken out of triangle and rallying
  2. Anna broke his fast, giving market that was oversold to rally
  3. European bailout plans for the moment seem to be AT THE MOMENT WORKING
  4. Gold has pulled back, that was cited as FEAR trade rather than a GREED trade
Given these change of conditions, lets see how far can we rally?

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