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Mood!

Thursday, December 18, 2008

Rangebound..wedges?



Olive pruning time...25 trees pruned...ready for next year...

On to markets..Equity markets look range bound...forming wedges (bearish patterns..) and looks like a few more weeks left to complete...THEN another leg down?

Meanwhile Xmas trading will be light and volatile...Santa Claus rally next week? ..though most peopel are EXPECTING one...will he be giving out pieces of COAL this year?

Oil tried to rally but failed....not good for the equity markets. Gold could be in period of consolidation after a nice run up, but as interest rates around the world head to ZERO, Gold becomes more attractive to investors.

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