Dare to be Different.... - Thursday, page-63

Elchagie, if you're interested, take a look at this interview on CNBC this morning. This relates back to my comments last week about market commentators looking for excuses to talk the market down - in this interview you can literally see the commentator squirming and searching mentally for some kind of convincing reason to explain why the market went down. He clearly either doesn't have a clue, is just guessing, or selling the story he wants to sell: Its not the China stock market, because the picture the last 2 days has stabilised for now, its not oil because that didn't change much overnight, now its China currency and the US Fed for raising rates ("we warned them what would happened when they raised rates").

http://www.cnbc.com/2016/01/13/us-stocks-open-higher-oil-recovery-china-eyed.html

To paraphrase what I said last week about watching the chart and not listening to the commentators, and using a football analogy about trying to tackle against a player who has the ball - don't focus on what the player is doing with the ball (selling the ball candy), watch his hips, they tell you where he's really going.

Cheers, Sharks.