tradersams blog

wan open

WAN: Opened a position in West Australian News at 7.00 on friday.

This increases my exposure to media, a sector I expect to see some movement in over the next few months.  Don’t know whether it’ll be bullish or bearish, and I have long since decided that I am often wrong in picking a market direction based on my views of the economics of a market.  What I know is that I am long WAN and FXJ, and with the news about the breaking up of Telstra  in the papers last week there is bound to be some volatility and leveling taking place.

As I run only on charts this is all just by the by.  Lets see how this one plays out.

As an aside – System A still not returning candidates – I might have to review that system… or maybe it is telling me something!