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Morning zarif
Your dad sounds like he was a great guy.
It’s really tough to say goodbye to such people
as I have found time and time again.God willing we will see them all again.
Never give up, never surrender.
Morning zarif Your dad sounds like he was a great guy. It’s really tough to say goodbye to such people as I have found time and time again. God willing we will see them all again.
Ameen
Small droplets of rain turn into Rivers, Streams and Mighty Oceans
zarif has S3L as the odds lean.
I am now short Dow at 28300 ( x 3 ).
I only need Dow 28275 to make my day.Spill up then down into pt5 ?
Never give up, never surrender.
In January 2020 I doubt they will impeach ‘The Donald’ but they
may unnerve stock markets.Could lead to him not being reelected(for various reasons).
It’s a good bet, imho.Never give up, never surrender.
zarif has S3L as the odds lean.
I am now short Dow at 28300 ( x 3 ).
I only need Dow 28275 to make my day.Spill up then down into pt5 ?
Near enough to 28275 … I am out and happy !
Never give up, never surrender.
Simple Dow projection 28800
I will be on short entry alert above 28500
and may take a position at 28750We have avoided a sharp drop this week although
there have been spike downs in futures.Cash often follows futures but atm seems to
only to want to follow up moves.Never give up, never surrender.
This sideways move over the past three days looks like a 4th wave of sorts.
On the SPX chart it’s possible to redraw the potential rising wedge as shown on the attached chart.
Ray Merriman said last week that the current market buoyancy is likely to continue to about December 27th. That would fit with this chart.
My plan is to wait for the Dow ‘top’ above 28700
Last week and the week before were very good for me.
This week has been more of a problem and I am b/e.Unless I see a very good risk / reward trade my
position will be flat.Never give up, never surrender.
Just opened a small SPX short at 3207.
I think it needs to drop to overlap the action at 3175/85.
On the chart I hope I have the STD days correct. Remarkable how STD kept the market floating for the four day sequence. I believe today (Friday) is the next ‘day 1’.
Zarif, my thoughts are with you for your Father. My Mom and Dad live in Barnet North London. I haven’t been back there since 2011 although I did meet up with them in Paris in 2013. Next year I really must have a trip to England. They are healthy at age 86, but one never can guess what will happen.
But before that I’ve just booked a holiday to Vietnam. I really need some time on a tropical beach. Going in January to Da Nang and Hoi An. Never been there, but love Vietnam food. A new adventure. We only live once…
If it’s going to drop from here (no guarantee that it will of course) then I imagine it will need two or three days to do so as shown on the attached chart. The target area is 3175/85 but it can go a little lower than that if it really wants to.
If this pattern plays out, then at some point next week the market should start rising again to the higher target at 3,222.
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