thanks for the charts pips and thanks for the templates etc.
it seems to me that directions for next week are all in the balance at the moment.
i think nobody could call long or short with confidence.
i saw a frightening sight in England today. A queue of people all around the block trying to get their money out of Northern Rock. Panic. It was like a scene out of the old film "It's a Wonderful Life".. I've never seen such a thing before..
People don't like risk and it is the small guy who is left holding the baby. These were old people with their life savings... ok they get 90% even if it all goes down.. but...
I sold every share i owned 2 weeks ago.. i had a lot of bank shares. I think UK and US are going down for a bit. We've been foolish. Borrowing vast amounts on credit, 5 or 6 times earnings.. I don't think europe is so bad.. so im keen on euro investments.. Some euro property could be good.. make on the appreciation and on the exchange rate maybe.. i can see GBP euro parity with the eur/usd at 2.00
Oh well.. all in the game i guess..
So I guess i should only be going short.. even if there is a long break out.
Rather not get on the long train just now.
it seems to me that directions for next week are all in the balance at the moment.
i think nobody could call long or short with confidence.
i saw a frightening sight in England today. A queue of people all around the block trying to get their money out of Northern Rock. Panic. It was like a scene out of the old film "It's a Wonderful Life".. I've never seen such a thing before..
People don't like risk and it is the small guy who is left holding the baby. These were old people with their life savings... ok they get 90% even if it all goes down.. but...
I sold every share i owned 2 weeks ago.. i had a lot of bank shares. I think UK and US are going down for a bit. We've been foolish. Borrowing vast amounts on credit, 5 or 6 times earnings.. I don't think europe is so bad.. so im keen on euro investments.. Some euro property could be good.. make on the appreciation and on the exchange rate maybe.. i can see GBP euro parity with the eur/usd at 2.00
Oh well.. all in the game i guess..
So I guess i should only be going short.. even if there is a long break out.
Rather not get on the long train just now.