A very dangerous time for investors

2011-09-30 11:31

The SP 500 plunged 19.6% in the last 5 months, but since August 9 traders at World Top Investor have operated under the assumption that the bottom is in. The stock market has been in consolidation for weeks although with extreme volatility. Traders are now watching 1100 as a very important support. T-bonds closed below the widely followed 20 day moving average for the first time since July a technical sign that the bullish trend is losing momentum. Stop loss orders in bonds have been responsible for some important losses among participants, who have anticipated the seasonal high pattern often establish by bonds in October.Gold plunged to a two and a half month low falling briefly to 1530 just below the 144 day moving average and bouncing above 1600. The dollar is having an inverse correlation with gold.Mr Pawel Olchawa keeps his first two accounts in cash opening and closing a position a month to just comply with the rules but not taking any risks. His gains of 444% and 441,5% are not being challenged, yet by Manuel Huertas from Spain who remains third with gains of 242%.‘’What we are seeing in the markets right now is simple volatility related to the soap opera that has become the European crisis’’. Said John Rodrigues leader of the Portuguese League and 8th on the world ranking. John Rodrigues is a World Top Investor veteran having won the Portuguese League in 2008-2009.

 

 

 

 

 

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