Monday, May 14, 2012
when May go away
Why May 2012? For the record I made the most in my Forex account last 2011 May.
Greek election failed. Will they leave Euro zone? I still don't think so, but the uncertainty has let the market down. Now all good news is ignored and bad news exaggerated. Bear Market as many people called it already.
If you are long, tightened the stop. If you are short, be careful, the macro conditions has been improving, just is tiny stability will turn the market around. Pull backs don't usually last too long, before you know it, election is near, everybody is happy, incumbent wins.
If incumbent can't turn things around for a few months, he/they loses. All things considered, it is the incumbent's race to lose.
This is not a political blog. But as it turns out, neither party can do anything to the economy on life support. we can just hope to see the turn around soon.
Best of luck for the rest of the summer, if history serves us right, return in August for some Bull run till the end of the year.
Yours Truly Thin Long
Greek election failed. Will they leave Euro zone? I still don't think so, but the uncertainty has let the market down. Now all good news is ignored and bad news exaggerated. Bear Market as many people called it already.
If you are long, tightened the stop. If you are short, be careful, the macro conditions has been improving, just is tiny stability will turn the market around. Pull backs don't usually last too long, before you know it, election is near, everybody is happy, incumbent wins.
If incumbent can't turn things around for a few months, he/they loses. All things considered, it is the incumbent's race to lose.
This is not a political blog. But as it turns out, neither party can do anything to the economy on life support. we can just hope to see the turn around soon.
Best of luck for the rest of the summer, if history serves us right, return in August for some Bull run till the end of the year.
Yours Truly Thin Long
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