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Trading the market and not the economy


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#1 Adam

Adam

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Posted 09 January 2009 - 10:40 AM

Sounds like the same thing, but by this I mean....... the difference is that the market is driven by fear and greed, while the economy is driven by fundamentals. So:

* The equity markets are still in a negative trend.

* Crude oil is still in a negative trend.

* Gold is in an erratic upward trend.

* The dollar is also in an erratic upward trend.

All of these markets are still in entrenched trends and I see no reason to suggest that they will be reversing anytime soon.

I have just made a short video on crude oil (NYMEX:CL) Link is below , charts are in the video .....I recently received a trading signal in this market which I think is an important one.

The silly season is rapidly coming to a close. I expect that the volume and liquidity to return to the markets by the 15th of January.

Thanks,
Adam Hewison


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