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Volatile markets but opportunity knocks!

Volatile markets but opportunity knocks!

As I mentioned yesterday, a move below 130000 would be huge with a target of 126300 or so. Anyway, I was a bit delayed getting home today and missed all the action... well, almost! The market initially dipped below 130000 and bounced right back up.. if you caught the short this time, you could have rode the market all the way from this level to 128225.. that is staggering 72 prices!! Anyway, I missed all of that. I entered long when I saw that the market was turning and moved above the MA

March 7, 2008 No Comments Full Story

Sorry, Warren Buffett is the richest man in the world!

Sorry, Warren Buffett is the richest man in the world!

  The other day, I wrote about Warren Buffett being the 3rd richest man on the planet... I stand corrected, he is now the most richest man on the planet with a net worth of $62 billion.. he made $10 billion last year!! To read more, go here http://www.forbes.com/home/lists/2008/03/05/richest-people-billionaires-billionaires08-cx_lk_0305billie_land.html

March 6, 2008 No Comments Full Story

No trading today – went out instead!

No trading today - went out instead!

Yep, no trading today.. I went out for dinner this evening and took a break from it. I've come back to see what happened today. From the charts, it was a slow and gradual drift downwards. The next area of support is 130000 and if it breaks this, we could see a very quick fall to 125000 or so.

March 6, 2008 No Comments Full Story

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