Archive for May 13th, 2009

Ghosts From The Past!

There are a lot of  excellent average analysts out there that now realize the market has been acting like a crazed kid on red cordial – going hyper and doing strange things for no apparent reason!. :)

As a trader for over 15 years now, I have seen some wild action on the global markets when I think back. But nothing like the record breaking moves we have witnessed over the past 12 months.

We had been going up hard for a record breaking 9 weeks straight, until a few days ago. During this time the bears stood up broad shouldered and  snarling! only to watch a full roaring stampede by the bulls which sent the bears to an early grave battered and bruised.

I was amazed, but not shocked to say the least.

WHY? Well, when I was starting out in this game I had one cool cat mentor…a very good trader!, (May God rest his soul!) who took me under his wing. He always use to tell me in  a stern voice. “Son, no matter what u see or what you think, Always expect the unexpected!” At the time, I was just a pimply faced teenager and thought he was making stuff up to sound cool. But I soon found out exactly what he meant.

Fast forward say 15 years from then, and I can still hear his words ringing in my ear with the same sincerity and warning!

Sometimes it’s quite eery. Like a ghost from the past coming back. Not that scary, I guess!

If we are talking those Nightmarish Ghosts-from-the-Past stories, I think the market has a much better story to tell ;)

I explain things a bit more in detail below …

Posted on May 13th, 2009 by admin  |  No Comments »