BE YOURSELF AND ENJOY LIFE

A pastor entered his donkey in a race and it won. The pastor was so pleased with the donkey that he entered it in the race again, and it won again.

The local newspaper read: PASTOR'S ASS OUT FRONT. The Bishop was so upset with this kind of publicity that he ordered the pastor not to enter the donkey in another race.

The next day, the local newspaper headline read: BISHOP SCRATCHES PASTOR'S ASS. This was too much for the bishop, so he ordered the pastor to get rid of the donkey. The pastor decided to give it to a nun in a nearby convent.

The local paper, hearing of the news, posted the following headline the next day: NUN HAS BEST ASS IN TOWN. The bishop fainted. He informed the nun that she would have to get rid of the donkey, so she sold it to a farmer for $10. The next day the paper read: NUN SELLS ASS FOR $10.This was too much for the bishop, so he ordered the nun to buy back the donkey and lead it to the plains where it could run wild.

The next day the headlines read: NUN ANNOUNCES...HER ASS IS WILD AND FREE. The bishop was buried the next day....

The moral of the story is Being concerned about public opinion can bring you much grief and misery and even shorten your life.

So be yourself and enjoy life. Only worry about your own ASS not someone else's, You'll be a lot happier and live longer!

JUST FOR FUN ~ PHONE BILL

The phone bill was exceptionally high and the man of the house called a family meeting.

Dad: People this is unacceptable. You have to limit the use of the phone. I do not use this phone, I use the one at the office.

Mum: Same here, I hardly use this home telephone as I use my work telephone

Son: Me too, I never use the home phone. I always use my company mobile

Maid: So what is the problem? We all use our work telephones.

US KEY ECONOMIC DATA DUE THIS WEEK

Tuesday, 24 June 2008
-US Consumer Confidence

Wednesday, 25 June 2008
- US ABC Consumer Confidence
- US MBA Mortgage Application
- US new home sales (May)

Thursday, 26 June 2008
- US GDP Price Index (1QF)
- US Personal Consumption (1QF)
- US Existing Home Sales (May)

Friday, 27 June 2008
- US Personal Income (May)
- US Personal Spending (May)

TECHNICAL INDICATOR ~INTRODUCTION TO BOLLINGER BANDS

Most of us have heard about Bollinger Bands as one of the commonly used indicators especially for daily trader. Do we really understand how Bollinger Bands works?

Bollinger Bands is developed by John Bollinger in the early 1980s. Basically, it just a band plotted two standard deviations away from a simple moving average. The purpose of this indicator is to provide a relative definition of high and low. Standard deviation is just a statistical unit of measure of price volatility.

Prices are high at the upper band and low at the lower band. We can say the the closer the prices move to the upper band, the more overbought the market, and the closer the prices move to the lower band, the more oversold the market. But we need to remember that it doesn't mean that we should buy when the prices reach the lower band (oversold) or we should sell when the prices reach the upper band (overbought).

When I use Bollinger Band, I would like to identify the periods of high and low volatility. When the markets become more volatile, the bands widen, and during less volatile periods, the bands contract. The contraction of the bands is often used by technical traders as an early indication that the volatility is about to increase sharply.

HUAT HUAT HUAT HUAT ARH!!!!!!!!!!!!