ost charts & thoughts - june 2012, page-2

A tough day for us yesterday. I was very surprised and shaking my head with the relentless selling down of OST all day.

Both OST and the whole materials index were weighted down by BSL it seems. We were back to the ‘dragged down by BSL days’ that we had prior to the Interim Report OST gave us in Feb.

I posted this on the BSL forum to find out more:

“Was wondering if anyone had any comments on BSL’s activity the past few days, and more specifically, the big sell off yesterday with heavy volume?
I usually trade OST and both were down, along with a falling intraday chart for the XMJ.”

Here it is here.

I also commented on world markets in general on the XJO forum yesterday, see here.

Today’s OST’s, and BSL’s, close will be interesting to see.

Any thoughts or concerns?

Shonan Trader