Phew – back from Italy with some ghastly people on the plane. I must be getting old but when flying was more of a luxury, most people new how to dress when they were travelling abroad ( or indeed home again ) With the advent of cheap flights those days seem to be long gone with dirty flip flops or trainers the order of the day for shoes. Men seem to travel in filthy tee shirts and shorts, wihile the women are not much better with scruffy rucksacks and unkempt hair!!. No I am not a snob, I just think that as the costs of flying have fallen, so have the standards. It doesn’t take much to look smart – the Italians seem to manage to look stylish in jeans and a shirt- the Brits do not unfortunately. I for one, long for the days when travel was considered an adventure, and you dressed accordingly, and no I do not expect people to travel in cocktail dresses and dinner jackets. On the last flight I was on someone decided to take their shoes off and stank the plane out – no thought of their fellow passengers, but only thinking of one person – themselves – indicative of how life is changing and how self centered and thoughless most people are nowadays. Sadly the breakdown in manners and courtesy are the first signals that civilised society as we know it is coming to an end!!
Of my hobby horse and on to the trading – as I suggested yesterday it was a good time to possibly take your profits off the table with a big fall on the day today. If you did, then this now represents a good point to re-enter the trade at a lower level particularly if it bounces off the support levels at 2.4730. I would wait for this level and if ii seems to be supported then buy again for the next ride up the escalator !!