Friday, 1 July 2011
Markets in Cloud Cuckoo Land
sorry I dont know what else to say.....Ftse up 5 days in a row....Last day of POMO and VIX plunges...everything must be ok.Do markets seriously believe the Greek situation has been resolved ? Lets see if the eom Gann cycles give us a reversal. Acceleration into a cycle is typical.I do not believe that technical analysts should ignore fundamental s (like Robin Griffiths,from whom I learnt a lot),but at the end of the day we have to trade the charts and wait for the reversal if we are bearish.Greece is a big deal and to sweep it under the carpet when the issue has not been resolved is not the symptom of a proper functioning,healthy market. We need healthy markets that do their proper job and send the correct signals to investors,not function as mechanisms for government intervention.Rant over !
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what a completely frustrating market. the worlds turned upside down, massive disconnect between reality and markets
ReplyDeleteyep...still watching the 1 year cycle off the low but feeling a little bewildered...1st of month does see fund flows and is usually postive
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