High guys, I am back. The six month foray into forex was *cough* not successful *cough* Way too much volatility and starting the day at 5:00 pm didn't work too well either.
Anyway my self inflicted market woes aside, I must concur with Redbacka's and Highlands CAUTION warning.
Both of the big drivers of the Australian market - the DJIA and the Hang Seng look toppy, the VIX looks like it wants to come up, and the Baltic Dry is heading down again.
US Earning season is also around the corner. This normally marks the start and end of broader trends.
Remember the old adage that the "the time to buy is when others are fearful and the time to sell is when all are full of hope" ? Well we are at the hopeful end of things at the moment.
We could be about to start the Rally to end all Rallies - I just can't see what on.
