sfsamperi.blogspot.com

You have to survive

You have to survive
Every day is a battle, survival is rule #1

Saturday, March 26, 2011




Its getting close to my bedtime but i cant sleep yet because i ate too much sugar and its my girlfriend's fault. Gabriela you are my heart!

I checked out the RSX ETF that i could trade which represents the russian stock exchange. It is very interesting when compared to the american market. Both markets have been pushing up well for a while and have only slowed down briefly at two prior high resistance levels. Both appear to be getting past their 2nd resistance levels right now. The interesting part is how the american market will have to fight its way up through several prior highs. The russian market seems to have a pretty clear path ahead. This is a good time for the Russians to put out as much good news as possible and trigger a nice long continution of the current trend. If handled correctly, the russian market should be able to easily and steadily climb all the way back up to its 2008 highs before hitting any major resistance. The American market could keep going up as well but it would be a little harder to trade. The several resistance levels in the way will create some unnecessary volatility.

No comments:

Post a Comment