Opinion on market and SFFAfter two weeks of silence from my side I'd like to comment the current situation.
This panic is insane. Of course the market is oversold but I consider it really dangerous to buy into this panic right now.
Resistance breaks down like unsound wood. Where does it stop? Nobody knows. Politicians don't know what they're doing on both sides of the Atlantic.
If the Euro doesn't work don't hold onto it. If countries can't be held alive don't delay the inevitable.
What this means for SFF in my opinion:
Very risky right now. If politicians find a solution to calm the markets it would be a mature step forward.
But at the moment uncertainty prevails.
I don't trust resistance. I don't trust politicians' decisions. The market is way ahead.
Be careful with SFF at the moment. Don't want to cause panic here. Just the way I see it.
If resistance at .22 can withstand the selling I hold onto it. If not I'll sell.