Thursday 12 April 2012

Climbing back on the horse

It is hard when you have lost a lot of money to get back into the market, but you need to grit your teeth anddo it.

I indicated in my last post that I am now bearish about the market so the only way to go is short. I bought short positions on the US and UK markets yesterday through SUK2 and DXD exchange traded funds. I turns out that I went in too early for the market continued its retracement today. I'm holding on and planning to buy more when the up-tick has come to an end. 13000 is the strongest resistance point and it also represents the half way point of the downward move.

Not much more to say. I wait to see if I am right.

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