Its been 18 months since the start of this bear market. After all the events I believe 2009 will be even worse.
Billions of pounds have been reinbursed through pension and other endowment misselling.
2009 we shall see that hundreds of thousands have loans/mortages that are not valid due to how they were sold or incorrectly calculated.
Imagine the inpact on our institutions ?
The figures are set to dwarf even sub prime losses
With millions who have lost there jobs last year 2009 is going to be extreamly tough for business's.
Take our debt, mortage arrears together with 1000s of homes been reprosessed every month we are in for even more turbulant times tan 2008.
Yesterday I was shopping and saw quality shoues selling in the sale was £55 now £8 this was the norm across the range in this national blue chip store. (not Woolworths)
Its clear that some retailers may not survive 2009 as they are selling stock at a loss just to cover this years expenditure.
I see all index's remaining in a tight range similar to the past 3 months.
Important movements.
1,Monitor the behaviour of price during the first three days of 2009.
2,Look for a strong or week first week and for that trend to continue in to week 2.
3,As week one and two goes so dose January, any breakouts in january are usually retested in febuary before the trend continues.
4,Januarys trend is a good indicator of the years performance.
At the end of january we should have a diecent plan for how to trade the year. These are longer term plays to last one to three months untill end of April.
So as normal I have stuck my neck out and shared my views and part of my trading plan for the first part of 2009.
Its impossible to type every thing, however during 2009 I will be holding a meeting for members of Trade2win so members can see me and some of my asociates trade these markets and we will be open for any questions.
Let me conferm this will be a none profit avent so members will have a free day out. P.S. Not inclusive of expense's
Billions of pounds have been reinbursed through pension and other endowment misselling.
2009 we shall see that hundreds of thousands have loans/mortages that are not valid due to how they were sold or incorrectly calculated.
Imagine the inpact on our institutions ?
The figures are set to dwarf even sub prime losses
With millions who have lost there jobs last year 2009 is going to be extreamly tough for business's.
Take our debt, mortage arrears together with 1000s of homes been reprosessed every month we are in for even more turbulant times tan 2008.
Yesterday I was shopping and saw quality shoues selling in the sale was £55 now £8 this was the norm across the range in this national blue chip store. (not Woolworths)
Its clear that some retailers may not survive 2009 as they are selling stock at a loss just to cover this years expenditure.
I see all index's remaining in a tight range similar to the past 3 months.
Important movements.
1,Monitor the behaviour of price during the first three days of 2009.
2,Look for a strong or week first week and for that trend to continue in to week 2.
3,As week one and two goes so dose January, any breakouts in january are usually retested in febuary before the trend continues.
4,Januarys trend is a good indicator of the years performance.
At the end of january we should have a diecent plan for how to trade the year. These are longer term plays to last one to three months untill end of April.
So as normal I have stuck my neck out and shared my views and part of my trading plan for the first part of 2009.
Its impossible to type every thing, however during 2009 I will be holding a meeting for members of Trade2win so members can see me and some of my asociates trade these markets and we will be open for any questions.
Let me conferm this will be a none profit avent so members will have a free day out. P.S. Not inclusive of expense's
