14 May 2010

Same Story But Getting Worse

Just another quick update
  • EUR/USD rate broke 1.25 support and currently at 1.2474
  • Gold has hit another record high at 1240
  • More Wall St banks are being investigated for providing false information to Rating agencies regarding Mortgage-backed securities.
  • Current market is no longer an amateur market. If you are not comfortable, stay sideline for now.
  • Markets may continue bear trend below 10% correction to 15% correction if bad news keep coming out over the weekend and next week.
  • Massive protest has been scheduled in Athens next week May 20.
  • If you have any open position, keep the stop-loss close to your entry point or close out asap.

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