Payroll data was out and better than anticipated......the BULLs are ruling WALL STREET ance again.........$US is stronger at this point..........but European central Banks are delaying selling 400t of gold......POG is down
Now the FA is not looking good......inflation is still under control......TA is not looking good either still on the downtrend....SP show all the above......Take Over?? possible but sp did not reflex this yet.......so I am still watching and not gambling having my money stuck at this point......when the indicators show signals I would start buying in a small parcel to test the market and to have a feel for the move........in the meantime I would rather be in QBE and looking to get back into iron ore miners.......charts are self fullfiling prophecy, some huge traders in NEW YORK are pure technical Traders and they move the market all the time..........me....a small chicken and happy to move with the big boys.........FA....TA are ok as long as my bank is healthy.
Waiting for the signal to turn.....
Cheers
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