He who larfs last, larfs last Anyone here familiar with the lonelist place in the world - yes, that's it - the place of being right - ROTFLMBFHAO Make yr own decisions, and have the cajones to publish them in advance if you dare, like charty does
DilliGaff, thats a whole load of tripe. The game is over, a new one is starting. IMP/BHP were there for the taking yesterday. But don't worry you will get your turn to profit. I'll give you some freebies! Go enjoy your weekend. See you later alligator.
This rally is short covering and emotional buying. If you look at the daily and weekly charts then the last two days are obvious upmoves but insignificant against the strength of the bear trend. Methinks dead cat. When markets react positively to the USA's descent into socialism, you should stop and think twice. When the truth finally sinks in... that the average American is ultimately going to foot the bill, then we'll see the truth of 'the market knows best'. A trillion dollars of deficit and debt bailouts? The fatcats are breathing a collective sigh of relief while figuring how to get to the exits first while there's still some semblence of trust in the 50 and 85 billion dollar bailouts. The simple basic economic fact is that someone has to pay the bill and nobody wants to talk about that little factoid
Nova I agree with you. The American's will fall short, but technical analysis is also a necessity. Fridays close above 24150 is not so convincing. Nonetheless I will open a very small position to the upside. Then after Mondays opening I will know whether to top up or change position. This is my forecast for Monday.