This Week's Action - 21 Feb - 25 Feb 2011

[golden]

Watch which buttons you press when launching that trading program ;D

Take it easy out there guys


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[r2d2]

hmmm, only one post in This Weeks Action thread...another no action week ?

I'm away Thurs & Fri and will have minimal internet access, so I intended to close out my long traders over these three days....the fall on Monday brought that forward and I closed out all bar three, which went yesterday. A bit of fortuitous timing given I might not have been so decisive in the normal course.

I shorted OST & BSL on Monday and added two more yesterday, though I don't really want any while I am out of contact, so will have to decide whether to take the risk today or fold 'em.

The XAO will fall through the 4950 support today, but 4900 might pull it up....or not...I'm just not sure whether I should be decisive or not !

[fastoy]

Another down cycle is underway. The cycle turn was probably due, and there are plenty of reasons to support. The press always attributes down turns to various world events, but history has taught me that after an extended uptick as we have seen recently, the market becomes desperate to find a reason for a rest.

So I'm pretty blase about it. Certainly while China remains stable. But I'm ever vigilant. Australia has just about all its eggs in one basket now.

[golden]

Yes, overdue methinks. Dropped into FMS yesterday and out today, also closed out CCU this morning from which I have had a very good run, I'll be looking to re-enter but in the meantime with the mad colonel on the run I'm sideline sally!


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[r2d2]

Well hey Sally, the market isn't exactly following the script so far this morning....it'll be green soon !

[golden]

Get the behind me Satan sellers remorse ;D


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