IMPORTANT HEALTH WARNING This Blog revisit’s a very traumatic period in the Markets. If you are of a Nervous Disposition or if you suffer from any Health Maladies it might be best not to read it or at least to be sitting down and away from Sharp Objects. Alcohol may help in this case, but WheelieDealer makes no suggestions that Readers should use Booze on a regular basis (this goes for Crack Cocaine also).
Specific Lessons I need to Learn:
Well, hopefully my 2 Blogs have given you a flavour of the pain I endured on the Monday of the ‘Great Fall of China’ and some of the Lessons that were thrown up by it. It certainly felt like a Historic Day and I suspect it was a classic Capitulation.
At the moment I am very inactive with regards to Trading and I cannot see myself doing much until we get to maybe late October. Until then I am closely watching my Charts for any signs of a Serious Selloff and I am prepared to whack on some FTSE100 Shorts again if I need to.
I am very much WheelieBull at the moment, but if need be I can quickly morph into WheelieBear - but I only like wearing this costume for around 6 months maybe as it gets rather warm with all that fur.
I hope everyone managed to get through this particular ‘Black Monday’ ok and that people have thought about their Strategies for the coming Months.
Good Luck all, wd.
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