untoward friday, page-131

Have you all noticed how strong the AUD is, even the DOW was falling last night?

Last night recovery was based on, U.S. economy is xxxxed, therefore the punters think that the Fed will continue to pump more moeny into the system therefore USD will fall even more, therefore AUD will go up, therefore XMJ will more than likely climb higher and therefore xjo will keep going.

I think AUD will get to 98c then forms a double top!!! So we should have a rally into Sept, and when AUD hits 98c, look out - - - Double top 2008 July high... then we will crash...

Until then...I will continue to go long, I think there is another 4 weeks.

Market is a funny place...I believe I can go long until I hear this.

"Hey buddy, buy buy buy, everything is on fire" from a Taxi Driver. Or, you hear mom and dad investors at a Cafe talking about how much they have made out of the market.


Hotcopper is a great site PERSON, when you see everyone is bearish on XJO, I usually will go long, and when everyone says buy buy buy on this Thread...that is when I normally sell...lol.