MysteryTraderBlog.com: Correction Over?

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One whose identity is unknown and who arouses curiosity.

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Correction Over?

The pre-opening call is for lower prices for stocks and higher prices for oil, gold, and commodities.

The news seems to suggest that the Middle East might not be a safe place.

Last week’s correction (upside for stocks and downside for oil, gold, and commodities) may be over.

Posted by MysteryTrader on August 21, 2006 02:08 PM | Permalink

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Hi Myst,
Raj again from India.
The formation of W in S&P chart is really scaring.Not only in DOW but there are really scaring signal coming from FTSE, CAC everywhere.And geopolitical risk coupled with lesser spending by US consumers are giving some hints of medium term recession in world economy.What do you think about this view?

You got it.--MT

Posted by: Raj | August 21, 2006 11:10 PM

Cool Site...any penny stock sites you can suggest?

Sorry, I don't trade penny stocks. Too risky. Be careful!
MT

Posted by: Billy Mac | August 22, 2006 06:52 PM

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About Me:

Almost nothing is known about the Mystery Trader. If there were anything much known, he or she would not be such a mystery, would he or she?

We can say only this: the Mystery Trader has been trading for a long time, has learned a few things, mostly the hard way, has traded all kinds of crazy financial instruments, has made AND LOST an awful lot of money, and has not died broke well, not YET anyhow, but there is still time for that.

The Mystery Trader writes these impressions and thoughts as a kind of an uncensored stream of consciousness journal or diary, largely for his or her own amusement, but also hoping these thoughts might help readers somehow, perhaps occasionally, prevent them from doing something stupid.

The Mystery Trader hopes that his or her thoughts might help YOU keep from losing YOUR shirt in the world's biggest casino. The financial markets are notoriously tricky and have ALWAYS been loaded with disinformation, deception, raw deals, chicanery, and outright criminal theft. Unfortunately, little of this bad behavior is caught and punished because the financial markets are too big and chaotic.

The Mystery Trader certainly and explicitly does NOT recommend that you blindly accept any ideas presented here or take anything expressed here at face value as actual fact. On the contrary, if anything, the Mystery Trader hopes that this blog might encourage you to think entirely for yourself and develop your own UNcommon sense. Be careful, have fun, and good luck!

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