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From last friday we had a ‘h’ to ‘l’ call for today and
that has indeed given a drop. Now will or when will
the market find support is the question.Never give up, never surrender.
Ftse found early support and then the rally has taken the
old dog past first resistance circa 6125, a bullish sign.Let’s see if the US can rally off the late lows of yesterday.
Anything can happen but this may just be the early signs
of the bullish March that we expected.Never give up, never surrender.
Last Christmas in the UK was for many funded by credit
and it looks like personal debt continues to grow.Unemployment has fallen but that has been done by an
increase in low paid jobs, some even self employed.Whitehall just talks about more public spending cuts
even though data points to this slowing economic
activity within a low growth economy.Here we have a recipe for what could well bring the
stock market back down after one more fling higher.All, imho.
Never give up, never surrender.
looks like they hit the low in owl-time,up over 20 handles now.whether they can perform the old “pull the tablecloth” trick again and run it down again later,its time to buy the dips once more..on a seperate note,i cant believe you got hilary clinton and donald trump fighting out the nominations for president in pole,quite alarming really.i thought trump would be a sort of raving lord sutch vote,but the mans actually in with a big shout! whatever next…
Fwiw my analysis of the positive and negative signals for March
gives 1st 10th 24th 31st as positive days, no negative days.Hence although markets will retreat on many days the bias is
very bullish.If and only if March plays out like this then I will not be
short this market very much and not in normal trade size.My plan would be to duck and dive a few daily points and
be ready to short what should be a notable ‘h’ pt.Never give up, never surrender.
Entered short Dow 16900 – stop 17040 – limit 16669
for the memsaabI am out for the day so no trades for me.
Never give up, never surrender.
Away from home being wined and dined.
Ftse has retreated in line with expectations
but the US markets are yet to join in.Never give up, never surrender.
Back at the coal face after wine and food from memsaab’s
trade( was stopped out on the regain of 16800 fwiw ).So far we have had a potential Ftse lod and hod and we
wait to see which if any will be wrong by the close.US first hour seems key … Dow may have a go at 16900
Never give up, never surrender.
im in for a risky short at 1986spx, its 3 handles in the red at the moment but i expect to be alright by the time non farms plays out tomorrow.worst case holding into weekend cit.rallys starting to feel a little contrived now.pullback en route imo
Dow rth has now got back up to the recent ooh level circa 16920
As we are in the mid point of two positive days, could the
bears control friday and monday. They may not get many
chances this month.Never give up, never surrender.
I am going to be out during NFP so no trades for me.
Memsaab thinks the Dow will hit 17000 rth or ooh no matter
and will short it if we hit that level in NFP fun time.Risky to short this market in March but if you are going
to then getting in at a new wave / move ‘h’ does afford
some much needed protection. One would hope.Never give up, never surrender.
Memsaab thinks the Dow will hit 17000 rth or ooh no matter
and will short it if we hit that level in NFP fun time.Wow, she is right again !
Never give up, never surrender.
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