Tuesday, May 15, 2007

XAO, australian index at 6300

XAO, Australia share index, closed at 6300. From last year end of Sep to now, index climbed up more than 20%, there is only one correction in Feb and it recovered quickly.

It is not trader's business to predict, trader's business is to follow the trading plan. The big trend is still up.

So, in such situation, what is your plan. Reduce holding, preparing for short selling... Below is Dow's chart for the last 5 years, increased by 30%+.







No comments: