S.O.D. THOUGHTS4 Mar 2020 05:46
Hi folks
Well we got the small spike from 4p to 4.8p before day traders moved in to profit take.
Then it was down to MACRO and the rollercoaster that ensued.
We did well to end well up on the day @ 4.6p.
This will be actual news driven with so much uncertainty around, although swaying with the Inidices will occur.
Not sure that rate reductions are really the answer with interest rates so low already but we shall see if it stabilizes somewhat.
Think if govts really want to stop the panic they really need to get collaborative with the Media who are fanning the flames of panic.
Not easy particularly in The UK where there is outright war declared between the Govt and the BBC. Boris will IMO change that institution for the better at some point and they know it!
Hence anything the said company can do to post Boris and co in a bad light they are doing.
It is almost Goebbels like in reverse IMHO.
Anyway back to MICRO -still believe we are ready to go and without the shenanigans would be a lot higher. It will come but as I say on real news which is not far away.
Levels to watch: Break 4.8p = 5.2p + Break = test of Major 5.6p = < 7p.
All IMHO.
GL
IK
XX