Good afternoon, Adi! Thank you for your update on the market. I want to ask you your thoughts on the market in the short and medium trading.I see you last month, looking for a long position. Why? Thanks in advance. Respect for you and good luck!
my view on over the medium term is summarized in my first post in May, titled Back On Track. I said there I was expecting volatility, according to the retail sales analysis which had been suggesting weakness since the beginning of the year. I also expect the market to anticipate the end of QE2 and this would mean weakness until the end of June.
Meanwhile, I have been looking for a long position because the cpc ema and the media sentiment were bearish. I thought the market would move up significantly until beginning of June, but it did not happen.
4 comments:
it was short of small speculs, now go under 1000 SP
Good afternoon, Adi!
Thank you for your update on the market.
I want to ask you your thoughts on the market in the short and medium
trading.I see you last month, looking for a long position. Why?
Thanks in advance.
Respect for you and good luck!
ksergejs,
my view on over the medium term is summarized in my first post in May, titled Back On Track. I said there I was expecting volatility, according to the retail sales analysis which had been suggesting weakness since the beginning of the year. I also expect the market to anticipate the end of QE2 and this would mean weakness until the end of June.
Meanwhile, I have been looking for a long position because the cpc ema and the media sentiment were bearish. I thought the market would move up significantly until beginning of June, but it did not happen.
Anon,
it would be nice to have such a big move in the markets.
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