jako's - top pickers nightmare - friday, page-14

hi,

Anyone else take profits in rio and bhp far too early?

Why do i even take any notice of what people say? I try to ignore the soothsayers and trade the trade within my targets, but feel like im supposed to take it on board what others say, (i only listen to a select few but still they throw out my trading).

From now on i trade with my own full confidence, i have watched the chartists been proven to predict very little at all. It has nothing to do with the skill of the chartist but their interpretation of events and lack of understanding.

The decision to keep interest rates low in the USA has blown most chartist out of the water and shows again that fundamentals are far more important. We are clearly in a medium term bull market trend, when it ends is the trick.

The rally will go on within a higher trading range imo, time frame 1 or 2 months with a couple of 1% drops thrown in.