Friday, August 5, 2011

Crash is coming

Yesterday was horrific on the markets the Nasdaq down 5%. I feel there is more to come I also think that Gold will be caught up in it nothing is going to be exempt. So I shall amend the Gold trade accordingly. Here in the UK we are on the edge of another banking crisis. LloydsTSB has been down 20% in 2 trading sessions. At the moment it is trying to rally but I have begun to wonder whether it will survive. The Apple trade was poorly timed. Though I remain short it as a stock and am confident it will sell off. We have the jobs report today which no doubt will be abysmmal. The SPX is looking like it will crash get a chart of the Nikkei from its crash earlier this year. They look eerily similar. Happy trading.

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