Kangaroo market — boxing and waltzing…

Posted on May 31, 2012 by in Letters


We have now spent 8 days trying to put in a bottom for this downwave.  The result is like boxing with kangaroos -- they usually win we understand.  The fact that each attempt to drive the market down has been met by buying (seen from the long tails -- or lower shadows) indicates we are on support.  Against this support the big short term traders are trading on news -- mainly from Europe -- to exacerbate volatility and create short term profits.  For themselves it goes without saying.

This is only a preview. You must be a subscriber to access the full text of this letter.


Choose a Username*
Email *
First Name *
Last Name *
  * Required

Tags: , ,


You must be a subscriber to view and submit comments on this post.