Well, it's been a hell-of-a-ride since my bullish call on May 26, when the XJO was at 4018.
See http://hotcopper.com.au/post_single.asp?fid=1&tid=1750286&msgid=10148106
Have made more dough in the last quarter than the whole of last year (which wasn't a bad year I might add!)
Time for this old hen to pass-the-parcel on Monday and wait for the next set up.
Not calling an end to the current move and I may be leaving some potential profits on the table, but I believe that if the rise continues, we'll probably see these prices again on a pull-back, either just before the US election or as we get closer to the fiscal cliff.
My daily indicators are looking a little wobbly, weeklies are mixed and monthly is saying, "hang in there". I will wait for the daily to resolve more favourably and then reassess.
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