- This topic has 150 replies, 5 voices, and was last updated 9 years, 1 month ago by
.
-
Posts
-
That was late this morning mind UK time but funny all the same after yesterday’s ramp nonsense news…
You have to wonder why these clowns are allowed to make statement
after statement on such a market sensitive subject. Seems like
no day goes by without a statement which flip flops from good
to bad and back again.That’s if you fit the news to the moves but we were already on
an alert for the first hour of US trading so it did not come
right out of the blue on kpad. Shame it was not earlier in
the US rth.Never give up, never surrender.
You wonder if the two people who ‘released the news, sorry rumour’ could be sued for releasing misleading market info.?
Dan, the problem is that it’s not like company info of a
sensitive nature. That is covered, people know the rules.
What we have here is general news like so and so will
have a meeting etc. You could just as well blame us
traders for the reaction or news algo’s which take
good and bad news and trade it. I don’t see any
evidence of wrong doing.Never give up, never surrender.
To have a balanced analysis view it’s good to look at outcomes which
you would not want to happen. Best done when you are flat.Ftse most bullish, based on a wave count and an ascending wedge,
gives a price circa 7400, sometime in the first half of July.Would cause some eyes to water. Requires 6700 to be support.
Never give up, never surrender.
Had dinner with a friend from Brazil and they say the economy there is a mess. Expecting unrest etc.
the politicians are building a shopping mall just for the politicians!! Wtf!!
go look at gold and silver in Brazilian Real currency. Up nicely over the last year…. Perhaps gold and silver know what my friend is talking about….
Yesterday the Ftse did a gap down and rallied back up
so maybe today we could do the reverse.Whatever happens I want to end the week flat so that
my weekend does not have market distractions.Never give up, never surrender.
That will do me for this week, any profit is good,
would rather take the day off.I doubt the main issues will be sorted today and
we don’t know what the big money wants from OE.Never give up, never surrender.
Ftse up wednesday, nowhere thursday, down friday, which sets the
scene for quad oe nextweek.Bulls have to find / keep some sort of support in the 6700 zone to
have any chance of a +ve oe, imho.I will stay flat and pick up the pieces, wherever we are, on monday.
Never give up, never surrender.
If the Ftse bulls hold 6700 on monday then they have a shot
at going up into new moon 16th, FMOC 17th, quad oe 19th.Only then would we look at the pattern / wave count from
the low lastweek for clues.The week and bit after, we are getting near to 2nd qtr
rebalance(which is also half year) and the final of
the Greek deal or no deal.So if the bulls do hold up into quad oe, the bears
will be waiting to pounce going into EOM, imho.Never give up, never surrender.
As expected today we test the Ftse 6700 zone.
I think we must allow for some spill due to the importance
of the level we are testing.On balance, I expect we find a low and rally, dyor 😉
Never give up, never surrender.
I have a small long on Dax at 10977 which sounds good
atm but I doubt it is today’s lod, however I will run it.Never give up, never surrender.
I have a small long on Dax at 10977
Last second of ooh closed at 11017 as it’s too much
of a risk to run overnight. Happy enough 🙂Never give up, never surrender.
- You must be logged in to reply to this topic.