ASX 0.49% $71.78 asx limited

Beach for next 6 months?

  1. 850 Posts.

    I honestly think we may as well all go to te beach for next 6 months. The market at the moment is almost untradable.

    As a rule i only trade stocks on rising trends and they are very few and far between on a tradable basis. ASC maybe ( I have moral reasons not to) GNS maybe.

    ATC on a technical basis should have bounced 2 weeks ago, yet went straight from a rising trend to a falling trend. This is one example.

    I presently don't own any stocks and am hard put to see anything worth buying. (One of my other rules is that if I wouldn't comfortably buy a stock at its current price, then I don't hold it.)

    I think coming months could be turmoltuous. We must not forget that Osam and Sadam are very much at large and GWB can be equally dangerous.

    I remeber the busy times in the market wishing for a break. I think this may be the time to take it without missing much profit.

    Take care.

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