Thursday, 27 October 2011

tonite no trading for me...maybe...

looking at the bullishness of dji...there isnt much to bull but if chance arise i will bear it...i am looking at it to rally another 100 pts (as of now 515pm it is 12030)...should it show some form of weakening i will short..but dont think is "buy" in fever by retalier will stop so soon...so i will be waiting (sniping mode)

gold, as i can see rallied on EU news as they panic that the problem will not be resolved well as expected.after the news...i saw that gold is coming down from 1728 now 1709 ...so my thinking is it might just pull back and retrace a few more levels since my theory is that dji so bullish ppl will just get out of gold and dump money into the stock market...tonite shall reveal the answer for me. ;)

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