One thing which surprised me and if you follow the sp500, 1144 is a very important level there ( i wont go into now) and its amazing to see its the 100% completion.
We are always taught to never pick bottoms and tops ??? and yes I agree very very dangerous at times, but zooming out and using patience and discipline, sometimes you get a little STO every now and again ????
Remember price action is a net result of everyone guessing and using applied methods(good and bad), the only things that changes is the hours,days,months, and years.
This quote was around in newspaper on weekend (forgiveness for no link i cant find it now)
''The first rule of equity investment is, sell the market with the strong currency - that is, the one with fading competitiveness - and buy the market with the weak currency,'' he says. ''At US95�-plus the message is simple - get out of Australia, both from a holiday perspective and an investment perspective.''
