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Movement today has let me take a small profit and close all positions.
Small short Dow 19240 – stop 20500 – limit 10300
I will build on this through into 2017.
Never give up, never surrender.
Small short Dow 19270 – stop 20500 – limit 10300
That is my only open position now as euroland told the
story that the early US rally would not stick.A glass of wine is in order methinks.
Never give up, never surrender.
We are stuck with charts vs seasonals and a year end rally
could upset or delay my short positioning for 2017 when
a decent drop is on the cards, imho.Never give up, never surrender.
Small short Dow 19256
Markets are waiting for EcB this week and
then FMOC and quad witch nextweek and
then it will be another hope event.All hope will be gone in 2017
Never give up, never surrender.
Small short Dow 19256
Closed 19254
With Oz and Jap and Ftse and Dax on fire it
does not look good for US shorts.Never give up, never surrender.
I had Dow 19250 and spx 2215 as my ‘h’ price
with time based in the new moon window.I am now using Dow 19200 and spx 2200 as my bull / bear sandline
and would only be really bullish on a close above 19250 / 2215I must listen to myself and wait until this plays before shorting again.
Never give up, never surrender.
Stocks are up as there is talk of an Italian bank bailout.
a) It may need 10bn – 20bn to stabilize Italian banks.
b) It does not remove their bad debts.
c) Thursday the EcB will not rock the boat and may
use soft words and even extend QE duration.If that all plays out and the Fed wait for Trump to
get his bum on the seat and do not raise next week
then Santa may well arrive, rocket powered.None of this changes 2017 as the big dipper year.
Never give up, never surrender.
Dan, its all nuts and crackers this time of year.
Certainly is. I am busy flogging Xmas Trees so just keeping a watchful eye so far as trading is concerned. Looks reluctant to drop so I am being cautious. I must be getting old. Caution and wind used to be me…..
Caution and wind used to be me…..
Many older people have a problem with wind, so they tell me !
Never give up, never surrender.
Caution and wind used to be me…..
Many older people have a problem with wind, so they tell me !
MPs and bankers most certainly do !
Never give up, never surrender.
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