15/6/2011

SET 1030.31 (-4.61)

Damn, talk about brutal! Global-w1 went straight up psycho apeshit today. It closed at 1.61 (-0.27, -13.83%). Maybe they're just trying to squeeze you out. Or maybe they really left...who knows.

SET opened sharply lower in the afternoon and stayed in the negative zone between 1029 and 1032 all afternoon. I'm not even gonna predict what's going to happen tomorrow. The market is very bi-polar right now. A strong day yesterday should have led to some increase today, but that's obviously not the case. When I find myself being wrong for a few days straight, then just do the opposite of what I say (not that I'm trying to tell you to do anything) haha.

Of course, Europe is still weighing everyone down with all their problems, with pretty much every market in Europe in the negative. It's the same problem they were worried about last June and nothing has been solved. Today, they're worried that the bailout is not going to happen. I guess that's what they've been doing all year. Talking it to death! Just do something.

So expect the US to go down tonight too. (this means that it'll probably go up, since I said that it's gonna go down)