Friday, April 10, 2009

Dont explain yourself,because talk is cheap

Dont explain yourself,because talk is cheap..There are more important things than to hear you speak----Lyrics of the song Sorry by Madonna..
I have been hearing Madonna's Sorry and Hung Up and Moby's Natural Blues all day long now...
Now I trade Oil and it moves ..it bloody hell moves like anything..if you want to see the kind of movements ..jst look at its charts..this is the 10mint charts..if jst try tweaking with it and see the 10 mints charts with high density...for every dollar move I lose or gain (losing it mainly these dayz) a thousand dollars ...like if I had bought oil at 48.00 and then sold it for 49.00 then I gain 1000 dollars..Oil is one of the leading markets..it doesnt necessarily follow other markets..but a lot of other markets follow oil like Wheat,Soya and a lot of commodities..A lot of stocks of Dow Jones like Exxon and other oil companies had their share price pummelled as oil fell from 147 to mid 30's.
So, I dont know where oil is headed from here in the short term..bt long term obviously its going really really up..god know what figures we are looking at.....short term its still undecisive.it could still test the lows of about 40 or mayb be remain range bound...
I will continue this post later...
As for why i chose the Title..its jst that smtimes the market is moving so much in front of our eyes and we may be thinking that it cud go down...bt even then we dont enter...and then later we explain ourselves..bt the point is talk is cheap..u hav to enter the market to know it and lose from it or gain een...watever really..

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