Thursday, November 6, 2008

Welcome year end market ....-)))

Where liquidity thins out at critical times and market orders rule the day. Wild swings and many stops triggering. Where the best laid set-ups get creamed. Only those with great patience or restraint or better still heads up on where order flows are, can survive. Anyway, its November, why trade ? The performance for the year can't be changed in 1 mth. Ok rate decisions. Interesting slapping machine in the GBP. But applaud the aggressive move on rates. reckon market also felt that. Nice!!! Have more respect for the U.K now. On the other hand, ECB, my view of them have not changed. Too little and will be too late. See how the market punishes the EUR on that for being behind the curve. Yes !!! Not unexpected of them to do this. Give it time the Union will be left behind. What with forecast in negative territory on economic growth for 2009. Think I should be praying for mercy to be upon the European Union.