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This action is to flush out calls and puts or atleast
to allow the option writers to devalue everything.Monday we should get back to normal, assuming
that anyone remembers what that is !Never give up, never surrender.
Ftse retested 5768 which was the termination
of the first move down from aths.That makes for an odd looking pattern with the
second move having a 3 wave slant up and atm
a 5 wave slant down.I am not sure we have a working count so we
will have to monitor the action at 5768 etc
until we get a clear count / pattern.I would prefer not to trade until we get
that clarity.Have a great weekend.
Never give up, never surrender.
Ftse did tag over 5900 today with an option of 6000 if we see
the US follow euroland, with Dow targets 16350 – 16500.As always it all looks high risk but possible and the odd
factor is who controls wednesday.Never give up, never surrender.
Not the robust US start vs euroland so we need time to
let this market settle and show it’s true hand, imho.Never give up, never surrender.
spoos mooching around big daily support here,around 1841ish spx.reckon a tradeable bounce is very near.think maybe another 10-20 point drop to really stoke the fear up and a reversal to close over support level eod.
trying a long here at 1830..see how it reacts over the next few bars,certainly looks very grim at the moment.hope everyone on the pad is safe lol
No trades for me whilst this zone is being tested.
Some analysis I looked at had 24th January as a potential
cit and that’s a Sunday which makes the usual window for
such things even harder to trade, so just FYI.Never give up, never surrender.
No longs for me houdini… against my religion….lol
I expect far lower prices but we should see some sharp vicious bounces along the way…. In 2008-9 there were 11 out of the top 20 biggest dow up moves (points wise) during the major down move overall. Of the top 20 biggest down moves, 10 came in that same period. So high volatility is likely….
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