Monday, November 9, 2009

Market is Looking for Direction

Well, I nailed pullback somehow (here). Small one, I didn't even have time to buy much.

Now the game is changing again. Last couple of months the trend was: dollar down, stocks up, commodities up. Last week we had several different combinations, and on Friday dollar was up a little, stocks up a lot and commodities down.

Unfortunately, I don't see what's going to happen. A lot depends on the direction of dollar carry trade.

Let's wait for market to tell us the truth.

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