On a more serious note. I was thinking the same thing earlier this morning, and came to the conclusion: UNCERTAINTY! Greed might be turning into Fear....... also waiting for Part 2 on the Great one VS the rest.
Today made a gap down - in the US too, which is very rare. and our gap down is hovering around support for the gap up made on 5 Sept. What I've seen happen once before was that the gap up closed and then a sharp rally to also close the gap down. Who knows what to expect.
hi guys, havent been watchin my screens recently, im still short AMS from the 8th, and ASA from the 2nd i think.. and for richardw, althou u myt think that im gna keep callin the downside forever and when it happens then il say i got it right, if thats what u thinkin then u are wrong, i havent seen the charts recently as ive been busy, but i still stand ground to a severe pullback anytime soon (in sept only) and its not because all those guys on CNBC who play mind games say that sept. is generally a bad month its because the market moves in cycles, and according to what it says currentl, it says the cycle is down, and it'l give indication as to when the cycle will turn back up.
the sep is pish tosh .. more importantly trading is about timing .. sure we will see a notable pull back, but if your timing is wrong tis useless .. roffey has called gold higher since 1980, finally he is right, but he gets no credit as even a broken watch is right twice a day ..