was reading "fooled by randomness" to kill my weekend. Am to eager to wait for next week to take some profits on my trades.
the same author wrote the best sellers "the Black Swan".
what is their install for next week? the economic calender wold be light, albeit with some earnings. Most importantly Naked shorting the Fannie Mae and Freddie Mac, and the brokerages wold not be allowed.
Latest update:
the Iran Nuclear talks yields no results on Saturday
http://www.channelnewsasia.com/stories/afp_world/view/361475/1/.html
We may see a Oil rebound on Monday Asia open, towards 140.
Naked shorting is like leveraging long. Naked shorting is even more potent. You sell what yo do not own, while for leveraging, you still need to buy an amount.
suspect those retails who follow the trend and shorted Financials, or Indices still have some to cover.
As for Forex, expect USD to inch up slowly. However there were some late news from Trichet that he wants to maintain inflation at 2% in the medium term. Also some Oil deals disputes from China about US/Vietnam cooperation on the Oil fields offshore.
However there are some thing more important taking place.
8 August is the start of the Beijing Olympics, scheduled to end on 24 August. This would mark a turning point, perhaps in the reversal of Yuan appreciation.
there has been talks of slowing Yuan appreciation. As we traders know, there is no such slowing but a capitulation.
Another major event is the activation of the Large Hydron Collider experiment in Geneva. Human Beings are playing dice with God. The worst outcome is a Black Hole engulfing earth, or not appearance or disappearance of strange things. Like X-files.
http://www.lhcountdown.com/
we are now 18 days away, which brings us to 8 August as well.
Probably we can put an Option on the LHC experiment. If the experiment brings about great calamity or even the end of the world, we could be in for a bundle.
Those who believe significant market events would happen on the 8 August 2008,080808.
pls click on the Google Ads.
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