Thursday, February 5, 2009

TRUST WHAT YOU SEE IN FRONT OF YOU NOT WHAT YOU THINK YOU HEAR !

Sorry for the delay had some technical problems getting this up in a timely manner, onto the markets.


sp500 emini - are buy was short lived as expected emini could not hold it self against the weekly trend , don't be surprised to see the sp500 emini drop again.

anyway exit long position at 847.75 with a reverse sell here at 848 and 847.75 split fill. expect 807.5 tonight or tomorrow for profit target. stop locked if for profit

Dow - worth the weight in DOW ! - sell again ! at 8102 great ride and see how far this will fall , expected level to profit from will be - 7800 even or a Little more for Friday or Monday - stop locked in for profit

stoxx - Eurex - careful careful - nothing to do here yet , today waiting for conformation of reverse , mathematics are suggesting a possible sell again , no follow through and I'm am cautious here.


Gold - so here Gold we reversed position we just missed our Target Price and this was a indicator to tell us rally is likely - not to mention the Strong weekly , daily trend.

Buy stop hit at 905ish... buy position was at 898 even , low risk and with trend and momentum - 929 is a target area however this may go further , need some confirmation that Gold is ready for another large run upwards.


Silver - stopped 1245 , not much profit but it was worth waiting to see if silver would sell off. buy at 1233 and holding nice move not long after , finally silver is reacting to gold's pressure on the upward side.

Soybeans - Again close levels to where my math was projecting too. beans did not break 930 and quick turn from 940.25 saw a reverse position . all out of shorts at 940.25 . Long at 940.5

as stated before the be and market may try to rally 3 days and try very hard to break weekly pressure which is still down.


Wheat - flat still range is small risk is high of being stopped out repeatedly why do it ? wait for the best opportunity to profit . well see Thursday levels may prove to be beneficial


Crude oil - amazing isn't it price of petrol/gas should be much lower oil has hardly moved- yet I've noticed a serious price hike again ... we are truly being duped!

well stay flat here - expectation of oil is stuck between my two levels and that means wild swings like Wednesday's trading.


EURUSD - forex wow , a real change again , weekly pressure is still too much, revered position at 1.3000 after several attempts to break the upper level highs , now short and looking for another down ward swing to 1.2710 lets see with 1.2669 being a ideal level for me.


GBPUSD - forex 1.4550 was broken quite strongly - so we are holding and looking for initially 1.4640 as a 1/2 position and 1.4807 as an ideal area to reverse but we will see how far the daily pushes Thursday.

looks good and a nice turn around from the stop which had taken a lot of profit away.

every weekend ill summarize positions and give an extensive outlook to weekly and monthly levels ( YES i can go out that far and still be accurate )

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