Thats true 87 did take a long time , however there were some great trades in that period.
-OK, most here know i had 13 June earmarked and today that gave it a shake to say the least. We have majors relaly struggling and i know cause i have been heavy at it all week. We have the weekend to think whether its up or down from here but at leats a clear decision will come monday
- S&P should lock in its lows tonight if not last night.
- DOW doesnt really worry me even though the world eats and breathes it
- OIL, well last night i stayed up for shorts as i feel the range 137 to 131 is a given . If it rises up tonight i think a crack at 131 will happen and you could see 122 quickly.
LONGER TERM
We have 2 choices
- a struggle and sideways to accomadate the 03 07 bull run.
- potential Wave 5 creating the biggest bull run anyone will ever see !!!
Now i know the 2nd is a massive call but thats the way i see it if we dont get much lower than the March Low.
Anyone can hold me to anything i have said above, as i put it out there for all to see and if you needs charts im happy to do that too. IF im wrong in any or all, i take it on the chin and learn some more - but at the end of the day its about having a go.
Trade well and buy your groceries at Woolies, steel from BHP , and bank with NAB or WBC ( ANZ next time by degrees date)
Have fun everyone and enjoy the weekend
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