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Summer holiday markets begin next week but these
thin volumes can still make for decent moves.Never give up, never surrender.
Dax had a near 50pt up and back down again day
which should make for a nice daily candle 🙂Never give up, never surrender.
Ftse move up into quad OE looks false or maybe forced.
Nextweek may give better clues as to which of the
main levels is the current magnet 6000 or 7000To me it matters little if we start from here or
6900 – 7000 as we are going to 6000 to complete
a kind of ABC – as ever, imho.Never give up, never surrender.
I have a small short on the Ftse at 6830 and will leave
that as my guard against sudden declines. I expect to
add to that position but not likely until nextweek as
the chart does require more time to evolve, as there
are still multiple pattern options, imho.Nice little earner to start the week.
Never give up, never surrender.
Ftse retrace of quad OE move (which as that looked false)
is no great surprise.Now the question is how low into 6700’s and if there is
no breakdown then the dip buyers will have the index
back up and well into 6800’s by midweek, imho.Never give up, never surrender.
Big reverse for Dow etc leaving an interesting daily candle.
Now can the bears hold these falls wed & thur which is key
to gaining control, imho.Closed my trades and will wait for a clear cut picture.
Never give up, never surrender.
Ftse bulls have to come in and buy at this 6740 zone a.s.a.p. to
keep their best hope pattern alive, imho. Wait and see time.Never give up, never surrender.
Ftse bulls have to come in and buy at this 6740 zone a.s.a.p. to
keep their best hope pattern alive, imho. Wait and see time.Looks like the only way for the bulls would be help from
outside in the form of US data or the EcB talking QE etc.Trading a Ftse break, down or up, looks risky so wait or
set entry orders to catch a proper break. Your call.Never give up, never surrender.
Well that US data reaction did not help and it remains to be
seen in Dow dip buyers come in below 16800 … in any case
we have Ftse and Dax and US ooh at new lows for the day.Goodluck if you buy these lows.
Never give up, never surrender.
Ftse looks the weakest with a break of 6700 or even
a touch causing some wave counts to be thrown out.Dax and both US main stocks look better and it is
these which we should follow, as a better guide
to the bull / bear case, imho.Never give up, never surrender.
If Dax bulls get to 9900 then they will think they can get 10k
If Dow bulls get to 16900 then they will think they can get 17k
Ftse bulls would settle for 6800 and then have a rest 😉
I will wait until we see the US close fwiw.
Never give up, never surrender.
Where are we …. bulls have fallen short (sic) of prefered
‘late day’ targets like Dow 16900 – Dax 9900 – Ftse 6800
although on the s&p and nas they did better, hitting
levels which give them a better chance of new highs.So for today and thinking Ftse and Dax we could look for
a pop and drop then rally into the close, aiming at the
same higher targets as yesterday.Bulls may only get today and failure could give bears
a good friday and monday, imho.Never give up, never surrender.
Mixed picture with Ftse, looking to drop and will do so if
not held up by Dax and US markets.So IF they can restrict the first hour drop, the US bulls
will start from a better level than on wednesday.I would like the US bulls to push up into the close as
it will give me a reason to short, fwiw.Never give up, never surrender.
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