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I think the commercials decided to throttle back on their stock
holdings in the run into Christmas and New Year.That left the stage for retail to play.
When the commercials decide to buy, the rally could be strong.
Atm we have the reverse of 2015 with the robots taking out
dip buyers stops and forcing the market ever lower.I am afraid we all know about shorting a bull and longing a
bear, to our cost.Never give up, never surrender.
One option for the Ftse is from ath down was ‘1’ or ‘a’ and
the slant up was a ‘2’ or ‘b’.If that is correct then we have a ‘3’ or ‘c’ which would
have a few targets, 5000 being one of them.The above is just an option for the Ftse and it will not
impact my trading as that is just day to day when I am
free of other commitments.I have enjoyed this first week of 2016 and will try hard
to see that 🙂 continues for the rest of the year.Never give up, never surrender.
Based on the Ftse from 16:00 thursday through ooh into
today’s rth we should see some early fireworks.Bulls want 6000 and the bears don’t mind a kiss but
just a kiss of death, atleast for today.I have to go out so will only see the first 30 mins
of Ftse rth but that should provide some clues.Never give up, never surrender.
Options Expiry next week and that should be fun
as all the ups and downs this week have brought
a few ‘cheap’ Calls and Puts into focus.Never give up, never surrender.
The week ahead for the Ftse
Monday –
Tuesday +
Wednesday –
Thursday +
Friday +I am talking about the cash close on each day.
Never give up, never surrender.
Hi cimac,
I’m undecided about Monday, I think it could rally in the morning, then it depends whether bulls can hold the gains until close. If they do then a negative close on Tuesday.
Ftse bulls have to hold the low of 12th December 5863
with a bit of wriggle room let’s call it 5850 else
they are in the do do, imho.A potential hold of that level could bring an inv hs
into play and give a decent rally. I would see it
as a retrace rally, fwiw.Never give up, never surrender.
The week ahead for the Ftse
Monday –
Tuesday +
Wednesday –
Thursday +
Friday +I am talking about the cash close on each day.
Monday and Tuesday were correct.
Wednesday I need a pop and drop kind of day.
Never give up, never surrender.
From tfmetals page. If the moving averages cross, then look out! They say a monthly close 1920 or lower should do it.
Dan,
It’s on my list to come into your shop before I die
and it should be on all kpaders lists, imho.That does not say we spend any money, as the kpad
is well known for it’s t**** a*** members 😉Never give up, never surrender.
The week ahead for the Ftse
Monday –
Tuesday +
Wednesday –
Thursday +
Friday +I am talking about the cash close on each day.
Monday right
Tuesday right
Wednesday wrongIf I can get either Thursday or Friday right then I would be
happy, with 3 out of 5 as, more right than wrong is good
enough, to make money in this game.Never give up, never surrender.
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