11/25/13

Trade what you see and not what you think .

Goat Market in Frenzy today.

After posting "A Quick look at the FTASE " and asking for a 7% correction (thinking that correction would continue although there was no brake off support) I failed to see the obvious, that market was bull flagging pretty nicely as my good Swiss friend observed, so Friday it ended up at the top of the flag, 

   

and of course Monday morning after the good news about Iran, and the green light from Germany to Greece and promises of free money from the ECB,  we got a gap up.


PPC GA was once more one of the leaders of this rally with huge returns (7.5%) in 2 days breaking out in new highs
  

The picture in the Greek market pretty much looks like this


and I have no position. 

Learn to trade what you see and not your bias :(( 


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