did you bought in yesterday doh doh doh, page-29

Hi there Ocker,

First of all, I didn't mean to be arrogant on OPM's(Other People's Money)....just trying to cheer it up the forum at sometimes we do make mistakes and we need some cheer up.... :))

Yes, my grammar needs a good polishing with no doubt and I would appreciate if you can help me...thanks :)
English is my forth language speaking that is counting my dexterity on finger language LOLOL :)) so make it my third.
Two of them are I can say I can speak fluently and english I'm learning....
By the way, english is not an easy language so go easy on me mate :)))

Now, let's talk about why I thought at least 97% of market were not buying in yesterday but watching it or unloading it....remember it's only my opinion so....

The most important was the data throw at us since two weeks ago and most importantly since Fri 20/07, then TUE 24/07 and so and so....

Look, there are so much data if you really want to find these days it's just a matter of "filtering" them up and the most importantly and finally is to use your own final thoughts about it all.....be careful when following other people thoughts and acts.... we are human, and we are not always right...that's the beautie of all....Smart money going to the Dumb money and vice-versa...
Just look around, newspapers, internet, financial websites, brokers, TV, payTV, FA's, TA's....etc....data is there to be digested by you so you take the last action at the end of the day.

My guidance for Friday trading was few stocks that weighted my decision of NOT buy in into this market.

BHP, RIO, NAB, CBA, WOW....but the main 2 that guided me was MBL and JHX...no doubt about the weight that MBL has in Australia relation to US... and JHX on the housing market in US.
These 2 stocks were critical for me on my decision to stay out on Friday.
Yes I do believe in opportunities as buying on dips but, NOT when the data are indicating major changes on global economy even if it's only a healthy correction....
Never ignore the market signs and data IMHO.....

How can one call it a buy day once the data are there on everyone's face ? Even gran had a go at the gamblers/inexperienced buyers from yesterday at today's morning coffee/paper/flirting Saturday out LOLOLOL :))

The only people that have made purchases yesterday on our market were 3 kinds of people IMHO: Speculators, and Newbies.

-Speculators: we've got them everywhere...they are the opportunistic type and will put their money on the most risky investments and can be considered punters at times.They are not traders...
-average trader : the ones that saw their stocks tumbling or losing value and tried to average it down.... in most cases it does work but, on corrections or bigger drops it never works...
-newbies: the ones that goes with the flow and listen to all and anyone for a quick buck...no skills....

I still think the global economy is strong and our beautiful local market is healthy as ever. Corporate Australia is doing us proud and should do so for months ahead...

Anyways... I'm sticking with 10% physical gold, 35% stocks (going long) and 55% cash and it's AUSSIE DOLLARS MATE ! :))

Have a nice weekend and see you on Monday....
ah...and remember.... Be happy :))))))))

trader10