Hi there y'all,
So, money.
Firstly hands up all those dummies that did NOT bet on the Poms in the first Cricket Test. My goodness, $4 for a home team when our team is really quite average? I couldn't help myself and it paid off big time.
Not so much for the subsequent Tests though, wait and see the prices. Yes, the Poms won but Root was the difference. A dropped catch and we Aussies lose. Suited me but the Aussies best batsman all failed twice and that won't happen again. I'm thinking Aussies game 2.
Stock Market.
A while ago I posted a few times about the Australian stock market. At that time the market was stuck between 5000 and 5400. Up to just under 5400 and down to just above 5000. These are artificial barriers resulting from automatic computer buying and selling based on a given level. At over 5400 these computers will BUY. Which is tomorrow morning, off the back of the Chinese "recovery" of 6% in one day and the DOW giving a plus 1% improvement. 6000 is the next barrier but I don't think we'll get too close to that. We did not long ago but since then it's been back to a plus 5400 level.
Our market is currently 5478 but expect that to go up quite a bit Monday morning. The computer buying will take the best prices before you can get a crack but take a look anyway.
BUT BE CAREFUL. THE MARKETS ARE PRIMED FOR A BIG DROP NOT FAR AWAY AND CHINA'S 36% INCREASE IN RECENT TIMES WAS MAINLY ON BORROWED MONEY. WHEN THEY DROP WE WILL GET HURT. THROW IN THE EURO AND GREECE AND IT'S REALLY NOT A TIME TO BE BUYING IN. TOMORROW IS AN EXCEPTION BUT BUY AND SELL WHILE YOU ARE IN FRONT. DON'T JUST BUY AND HOLD AS YOU WILL LOSE.
So, money.
Firstly hands up all those dummies that did NOT bet on the Poms in the first Cricket Test. My goodness, $4 for a home team when our team is really quite average? I couldn't help myself and it paid off big time.
Not so much for the subsequent Tests though, wait and see the prices. Yes, the Poms won but Root was the difference. A dropped catch and we Aussies lose. Suited me but the Aussies best batsman all failed twice and that won't happen again. I'm thinking Aussies game 2.
Stock Market.
A while ago I posted a few times about the Australian stock market. At that time the market was stuck between 5000 and 5400. Up to just under 5400 and down to just above 5000. These are artificial barriers resulting from automatic computer buying and selling based on a given level. At over 5400 these computers will BUY. Which is tomorrow morning, off the back of the Chinese "recovery" of 6% in one day and the DOW giving a plus 1% improvement. 6000 is the next barrier but I don't think we'll get too close to that. We did not long ago but since then it's been back to a plus 5400 level.
Our market is currently 5478 but expect that to go up quite a bit Monday morning. The computer buying will take the best prices before you can get a crack but take a look anyway.
BUT BE CAREFUL. THE MARKETS ARE PRIMED FOR A BIG DROP NOT FAR AWAY AND CHINA'S 36% INCREASE IN RECENT TIMES WAS MAINLY ON BORROWED MONEY. WHEN THEY DROP WE WILL GET HURT. THROW IN THE EURO AND GREECE AND IT'S REALLY NOT A TIME TO BE BUYING IN. TOMORROW IS AN EXCEPTION BUT BUY AND SELL WHILE YOU ARE IN FRONT. DON'T JUST BUY AND HOLD AS YOU WILL LOSE.
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