Okay last week had a few hits and misses. Monday was not bad, but by the time friday got here the whole situation was completely changed. Friday evening of July 11, 2008 Federal regulations shut down a small mortage lender/bank. This is typical of cancer situation is it not? You cut out what cannot grow or what will grow more cancer. This will not be the first operation. So here's next weeks forcasts.
MONDAY- actually shouldn't be too bad as the dollar fell quite steeply last week and a recovery maybe the result of todays trading.
TUESDAY-Oil will be looked at and well its will hit $150 without a second thought.
WEDNESDAY-Oil $140's, dollar comes back a little. All is well for about 3-4 hours. then:
THURSDAY-Washington's response to bank takeovers, yawn and pass the pepto bismol.
FRIDAY-World wide fear day- Oil $150+should be ugly.
SATURDAY-Profit taking and see ya later.
Saturday, July 12, 2008
Sunday, July 6, 2008
New week need money lets trade forex
This is going to be a good week last month was my worst so I start over. Here's some good tips for the week. Here's my sarcastic forecast for July 7-12
MONDAY -No trades for me as I get burnt like a toast on monday.
TUESDAY-Bear Tuesday oil at $149, market does a leaky sub to the bottom.
WEDNESDAY-Killer wednesday. Whipsaw? as Bern speaks or something
THURSDAY-Hopefully a full sell off in Europe to keep the money men honest
FRIDAY-New record for oil maybe $155
MONDAY -No trades for me as I get burnt like a toast on monday.
TUESDAY-Bear Tuesday oil at $149, market does a leaky sub to the bottom.
WEDNESDAY-Killer wednesday. Whipsaw? as Bern speaks or something
THURSDAY-Hopefully a full sell off in Europe to keep the money men honest
FRIDAY-New record for oil maybe $155
Saturday, July 5, 2008
First Post-edited
Well hello to my blog. My name is Omar Pasha and I love to trade the forex market. The only problem I have little experience. And on top of that I've never made more than I put in so I decided to get help by well blogging about it. Since this is the first post I won't over predict or reach because well I might not have the internet in the house. In that case I can just go to the library because its free-gotta love that.
Internet observations:
http://www.nytimes.com/2008/07/06/business/06tank.html?_r=1&hp&oref=slogin
Which proves some in america are getting the old squeeze put on them by the gas. It just won't go back down. I for the life of me cannot explain the lack of rage and distain by the american consumer. It just proves that denial runs far far far from egypt. In fact it runs right into the american phyche. Wow that's quite a river.
I can see the pain on peoples faces-snug like a bug in the rug minus about 100 per month. The numbers only get worse as the true price of life becomes apparent. High gas means all econonic decisions will involve walking, biking or just plain not going to happens. For me, my break down price is about $5.20+per gallon. I only put 5-8 gallons of gas in my tank per week. So I only spend about $40 per week in my car. I live about 10 miles from work. Wow I sound cheap. What kills our family is morgtage. We pay over $2500+ per month. It is going to reset next year so we have self-screwed ourselves just with the roof over our heads. Like gas that number will only go up. OUch.
Internet observations:
http://www.nytimes.com/2008/07/06/business/06tank.html?_r=1&hp&oref=slogin
Which proves some in america are getting the old squeeze put on them by the gas. It just won't go back down. I for the life of me cannot explain the lack of rage and distain by the american consumer. It just proves that denial runs far far far from egypt. In fact it runs right into the american phyche. Wow that's quite a river.
I can see the pain on peoples faces-snug like a bug in the rug minus about 100 per month. The numbers only get worse as the true price of life becomes apparent. High gas means all econonic decisions will involve walking, biking or just plain not going to happens. For me, my break down price is about $5.20+per gallon. I only put 5-8 gallons of gas in my tank per week. So I only spend about $40 per week in my car. I live about 10 miles from work. Wow I sound cheap. What kills our family is morgtage. We pay over $2500+ per month. It is going to reset next year so we have self-screwed ourselves just with the roof over our heads. Like gas that number will only go up. OUch.
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