Tuesday, May 26, 2009

Twiddling my thumbs

The market has lost some direction the past two days of trading, it just goes to show how much of an influence the U.S has over the world or how indebted the U.S is (how much they owe - LOL). Here is an updated graph with a couple of notes to consider, i feel like we are breaking down again and the 'green shoots' have been nuked by North Korea - via their nuclear testing hahaha.

I stated i had taken a long friday and was hoping for a 1-2% night in the U.S which would then flow into our trading, well i think the risk/reward is not worth it and its time to wait for direction.

Photobucket

Notes;
-Short selling ban has been lifted (i should have blogged this yesterday but i had 'Mondayitis')
-GM getting closer to the inevitable
-North Korea causing sh!t again
-Commodities topping
-Vix stabilising around 30
-$A dollar heading ????????????

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