Tuesday, August 9, 2011

asx200 makes a historic comeback


After being down 5.5% early today, we saw a recovery of 7.11% off the lows, finishing above 4000.

I have set up my long AUD/USD and long EUR/USD positions for tonight's Fed meeting - expect some sort of crisis abating action - i.e QE3.

I also added BHP, WPL on the afternoon's run-up.