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Ftse ooh 6055 and worth a small short.
Friday – monday end of month book squaring before
we get into March.As a rule funds have to sell before they buy and
this may help the bears and boy do they need a
bit of help !Never give up, never surrender.
Ftse ooh 6055 and worth a small short.
Small short Ftse 6080 to bring me up to normal size.
I am going out today and expect a profit at some
point before the US close.Never give up, never surrender.
Ftse next resistance target could be circa 6125 and I don’t
like the look of that re my current short … hmmm.Never give up, never surrender.
Looking to get in short again myself today,I had 8 handles in the bag yesterday but ended up stopped out at b/e..and a bloody good job too! spx 1975ish would be good to go.cit today/tonight into Tuesday,so relying on bad news from this shanghai bash the weekend..good day all.
Ftse ooh 6055 and worth a small short.
Small short Ftse 6080 to bring me up to normal size.
At lunch I got out at b/e which feels lucky atm but
that feeling could change later.Done for the week.
Goodluck to all those still playing.
Never give up, never surrender.
Ftse next resistance target could be circa 6125
On it’s way !
Never give up, never surrender.
cit today/tonight into Tuesday,so relying on bad news from this shanghai bash the weekend..good day all.
Yes, I can see the Ftse chart having got very near
resistance circa 6125 giving into a cit with a
best (very) of a 5600 retest before a rally.Only worth a tiny short over the weekend, imho.
Never give up, never surrender.
I was looking at some more analysis which shows a
high last friday to low next tuesday and with in
its signal class is rated strong.So if correct it should be very clear.
Never give up, never surrender.
‘The G20 draft communiqué looks like it is out and it seems pretty tepid / uninspiring. So the relevant question now is whether or not this 160-handle rally in SPX (!) is partially attributable to shorts squaring up ahead of the G20 meeting. I would say the rally in the past two days has had extra momentum because of G20 and now shorts should be looking to reestablish—so I think stocks should trade weak from here into Monday.’
Thanks Dan … seems like three kpaders agree
that the odds favour some drop monday but it
will be a buying window for a rally in March.Never give up, never surrender.
To me it looks like the Ftse is gearing for a big move
and there are options which included, a triangle, an
inverse head and shoulders, a new wave down to test
or even breakdown at recent lows.I think we get a clearer picture by early March and
a chance to get our trade right on the money.Never give up, never surrender.
Shanghai Composite @ Fri 5 Feb 16
From July 2015: “The breach of the 4099 fourth wave low confirms the rally topped at 5178 on 18 June 2015.”
See the MONTHLY chart. The index appears to be tracing out a large double three combination downward correction (W)-(X)-(Y) from the October 2007 all-time-high.
The 3-wave count within the current wave-(Y) points to an eventual bottom for this leg around 830, a seemingly implausible 70% below the index’s Feb 5th Chinese new year close (and 84% below its June 2015 peak).
According to Elliott Wave Theory, one more iteration is ultimately possible but not necessary for this pattern to complete, that is, a triple three combination (W)-(X)-(Y)-(X)-(Z) is the limit before a major trend change occurs.
Cheers WND
Ftse right direction but a slow burner.
Move short stops to avoid losing early profits.
I would rather have a small profit than none.Never give up, never surrender.
That’s me out for +30pts on the Ftse from
a trade started late friday.I will go out for the day and come back to
take a fresh look on the chart / count.Never give up, never surrender.
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