Morning All
CHARTS 4th OCTOBER 2009
Have added a few charts and an early video.
I mentioned elsewhere Goldman Sachs playing games again, when Thursday they revised employment data to 250K, and then yep you guessed it Friday its magically closer to 250K instead of the intial 200K.
So what does that mean ??? I dont know exactly but i guess it played into there hands if they wanted to buy again, the futures get spooked and they buy the open with automated systems. Funny how the market recovered almost straight after open :)))
The USD was sold off heavily and also helped hold the market to a modest decline.
So back home our banks are finally pullng back as suggested by those patterns on there charts and have just done a video showing a few. So what drives us to a November high if im to get my wish LOL, im the first to admit its going to be tricky but im sticking with the further USD weakness, Oil and commodoties to a lesser extent. When i look at some of the oiler charts, it kind of back s my theory. Still I like all of you will have the guard up but take advantage of the opportunities as they play out
Have a great weekend all
Regards
Rob
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