Ben Bernanke statement is extremely positive for US economy......why would BB think of removing stimulus @ the right time? because he can clearly see that US economy is off the "Intensive care".....
BUT our 5 minutes traders PANICKED as usual and sold first and WATCH how low the market will go......
Technically..... we are above LOWS for 3 days in a row....no matter how many hedge funds are in PANIC mode.......
Currently Indices are down from .04% to .10%.....nothing to PANIC about.....PATIENCE is important in this JITTERY market.......
Gold Down $5.70..well off lows
Oil Down 2 cent..well off lows
Canadian $ UP 4 tick
Portfolio is APWR,IAG,PALM,SLW,TC,TSL......
@ 12.22 following are GREEN :
APWR,TSL,PALM,TC,SLW,IAG,BIDU,GS,RIMM,AGU,
RCI,BRCD,CTRN,CCJ,JRCC,IGT,MA,AEM,
NYX,LDK,FWLT,V,NVDA...
BLOG does NOT give buy or sell.
Saleem
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