XJO 0.30% 8,067.6 s&p/asx 200

friday night at the bear cave, page-45

  1. 2,473 Posts.
    yep. going to continue, but do have trailing stops in place

    a couple of indicators in the past 24 hrs which tell me its going to be incredibly difficult for markets to return to their form glorious highs

    1. Bernanke saying he's not gonna bail out investors (well, thats what CNBC reported).

    2. BHP today down on higher volume, higher volumes on a day which goes against the current trend tends to indicate a change in trend may be about to occur.

    there are further falls to come in my opinion, but as always, keep your stops are reasonably close levels.

    i placed a small additional short of the FTSE this evening, i did get burnt on that one, but shorts placed last night and well and truly deep in the money with stops in place.
 
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