livermore friday, page-22

Well that was fun. Woke up at 10. Checked the markets at 10.10. Rio/BHP news broker i think 10.15. Before you know it XJO is at 4000.

Close my shorts on CBA and XJO. Pretty much on the highs. Got some breakfast, coffee, shower and came back...and everythings back down.

I tell myself everytime, but I never listen. It pays sometimes just to look away for 10 minutes and let the noise settle down.

Nevermind onward and upward.

Needless to say, the bears have been destroyed by today's move, which came out of nowhere with this BHP/Rio tie up. XJO today is untradable, you might as well trade BHP directly.

What do you guys think in general, onward and upward without pause? I think the market's are too frothy, but I've been bearish on a macro level since 3600 and 10% against you is enough to admit you might have gotten things completely wrong.