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- This topic has 144 replies, 7 voices, and was last updated 8 years, 1 month ago by
cimac.
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July 23, 2016 at 07:38 #23523
Dow 18670 and spx 2170 zones retested on friday and charts
show these are minor x roads. I would not be surprised
if we drop from here but as per usual the bulls always
have a lifeline and next week it’s FMOC and BoJ.Ftse (which I don’t trade) has GDP numbers.
On balance I think we are close to a US top sometime
next week, for confirmation.
If we exceed 19000 and 2200 and rally in August then
the bears are toast.Small day trades are the only ‘safe’ plan, imho.
Never give up, never surrender.
July 23, 2016 at 12:06 #23524Hi cimac,
I thought FTSE was your main trading instrument, any particular reason why you moved away from it? Just curious.
July 23, 2016 at 16:27 #23525Hi cimac,
I thought FTSE was your main trading instrument, any particular reason why you moved away from it? Just curious.
Yes Ftse was my main trade for quite a few years.
This year I have found it and the Dax harder to fathom
and even more so with the brexit circus.Dow and spx are tough but atleast they are in ath’s
zone which ‘feels’ like we know where they are.I don’t have a clue re Ftse and Dax re ath’s but it’s
likely hatman is right that the Ftse will surprise,
at some point above 6800 maybe the Dax above 10200.Never give up, never surrender.
July 23, 2016 at 23:25 #23526Thanks for that cimac.
July 24, 2016 at 08:48 #23527SoLunar indicator has a ‘h’ centred today and a ‘l’ wednesday
and I think houdini may use this or something else which
seems to produce the same cits.I have a small Dow short 18661 to give me open interest at
the start of a week most likely to throw decent moves.I have noticed others with spx 2180-2190 ath targets and
my own Dow target is 18800.The market will want to throw a spanner in traders way
and under or over shoot tends to be the method.Never give up, never surrender.
July 24, 2016 at 18:02 #23528July 25, 2016 at 09:06 #23531I have a small Dow short 18661
I wish !
18561
Closed for +4pts
Never give up, never surrender.
July 25, 2016 at 09:10 #23532The reason I took that tiny profit was because
we have one of our targets … Dax above 10200
and we may yet see hatman’s Ftse above 6800
and others spx targets and my Dow target.At the risk of missing a drop, I would rather
let this Fed and BoJ week play out.Never give up, never surrender.
July 25, 2016 at 09:45 #23533I have this week mostly down cim,I have a 3 tier approach for my cits including short term delta and solunar indicator yes.i try to let price confirm first also.i really think spx should retest them old highs sometime this week.
July 25, 2016 at 10:11 #23534Cheers.
It’s a slowly slowly catchee big drop
without losing your shirt 😉Never give up, never surrender.
July 26, 2016 at 16:41 #23548Dow tests 18400 / spx 2160 – zones.
Not unexpected prices and time inline with soLunar ‘h’ sunday ‘l’ wednesday.
Is that low enough for a run up into FMOC wednesday BoJ friday. It maybe.
Ftse and Dax have held most of recent gains so atm the US is on it’s own.
Never give up, never surrender.
July 27, 2016 at 06:50 #23554In an attempt to try and play FMOC ping pong.
Short Dow 18516
Long Dow 18513Never give up, never surrender.
July 27, 2016 at 13:49 #23556Dow 18400 zone was the low for the FMOC rally
and now after the gap up we retrace some and
then grind up into the actual event.A rally to new ath targets in the US would
be the expected route so maybe we drop
and finish the job in the next few days.I do not think this is going to be easy
but then it seldom is.Never give up, never surrender.
July 27, 2016 at 14:37 #23557On the Ftse hatman had a possible 6834 target.
My own range had a top at 6775 and is wrong
because we must have done that or will do.Never give up, never surrender.
July 27, 2016 at 15:50 #23558Dow plan is working like dream, so far.
At some point a rally into FMOC would complete our map.
Never give up, never surrender.
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