got mine ... hope you got yours ..

Hmmm ... as Jimi Hendix once quipped ... "hope you got yours, coz I have mine".

As previously, the LONG entry was triggered and caution at the 4000 level due to profit taking ... price hesitated at June high of 4079 before progressing maintaining the momentum.

Positive earnings from a number of DOW constituents was greeted with enthusiasm by participants and DJIA rocketed 15% from July low as did the XJO (15.3%).

Next challenge is the US Dollar which is in the toilet as expected as yer can't just print US$2trillion of fiat paper and not expect repercussions. The Greenspan plot was to keep inflation under control by engineering excess into assets which firstly created equity and later property bubbles ... but the show is over folks and 2010 and beyond will be INFLATION nightmares ... the piper will be paid.

After a great run-up the XJO is now looking decidedly toppy and time to take more green from the table ... trailing stop at 4250.




Cheers ... tight stops.


This is only my view ... read the black stuff.