Short Term Trading Week Starting: 02 May, page-42

Made a small CFD short on Wall Street before it opened last night intending to close it today. Not closing it. Headed to 32,000 and when that floor crumbles, 30,000 comes quick. We are headed for stagflation IMO.

Super into 90% cash as of 2 weeks ago is probably the best investment decision I have ever made. Dry powder for post carnage.

It is about to get very ugly IMO. When shares plummet, confidence evaporates for other sectors, property, consumer confidence etc. The election thrown in with two individuals on either side not really listening to the populace, a hung parliament is very very likely. That adds to the specific Australian situation, and China and Russia will take advantage. May see a delay in the affects in Oz based on stats that say mortgage holders have some buffer already set aside, but I doubt it is enough.

Wall Street is rolling over - other markets will follow, as they always do


MA's 20.50.100, EMS's 100 200 400 + RSI