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Message: still crazy times

still crazy times

posted on Jan 07, 2009 05:54AM

In my oppinion things are still very shaky in terms of general market and financial situation. Gold just dropped 20-25 $ in a 2 hours. The only thing I know for sure that in the near term we will continue to have huge swings, this is just crazy.

I am wondering about 2 strategies:

1) make no trades, just sit tight and ride this out

2) sell now some of my majors and take profit, and look for a lower entry point again

If what we have now is a bear rally, how much longer could it go on?

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