redbacka' s wedgy wednesday

Thanks Red for giving us a little hope with you downward bullish wedge peice of optimism.

The day thread title is your thanks.

I wonder why it's bullish. One would think an upward wedge would be!!! Oh I get it. Buyers are on a gentler downward trendline than sellers.

I saw a financial planner today, she choked on her spectacles when I told her I'd paid of my mortgage but had spend most of it again last week on My Crappy Portfolio.

On the side, she also does 'channeling'. You know, communicating with the other side - and i don't mean market fundamentalists.

I couldn't resist asking her to ask 'my guides' (ask your wife if you're not sure what they are), what shares I should buy. She closed her eyes and said RIO under $80. Then use those profits to buy WPL. Sounds boring I know..

So our strong dollar has put the lid on XJO and I can't see the $US getting stronger in a hurry. Do we bounce up and down between 4500 & 5000 for another year?

So here's my Crappy Portfolio but by the looks of the DOW, it will look crappier tomorrow.

Stock Qty Purch LastPrce Pft/lss

AGO 20000 3.54 3.55 +210
AWE 30000 1.55 1.39 -4554
LEI 500 30.81 23.54 -3635
RIO 2500 81.17 80.25 -2298
BHP 3000 45.44 44.15 -3880
MQG 500 35.09 34.49 -300
TOL 3000 5.56 5.37 -560
ORG 1200 15.67 15.99 +384
PDN 5000 3.45 3.15 -1470
QBE 1000 18.27 17.97 -300

May 17 Down 16493 (-2.47%) Yawn!!