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Cheers guys.
I have a cit forecast for later today.
Not sure I will be brave enough to back it !
I have a long Ftse at 5900 and short Ftse at 5950
Later I will try and swing these out or just take 50pts.
Never give up, never surrender.
Odds lean is Ftse S1H.
That could be correct after spill down to seal S4L sunday.
We still have US cash to come !
Never give up, never surrender.
I may end the day with a small profit which is
little potatoes but if I can combine that
with a dip long then I will be happy.Never give up, never surrender.
Tiny profit in the bag.
I still have that cit in mind.
How brave do I feel …
Never give up, never surrender.
Opec countries losing $500 million a day based on February
production figures.Caveat is they may not be able to sell February barrelage
in March due to reduced demand.Never give up, never surrender.
What did tepid say …
… don’t let someone steal the money you earned
during the day, whilst your asleep overnight.Too right … even more so when futures are
turned on and off to suit the boyz !Never give up, never surrender.
Lol not many around like tepid,one shrewd cookie! R.i.p.
2740 area holding as support temporarily second time around.recovery rally not far away,take big cajones to play for it!Yes … balls of steel required.
I noticed that some providers are increasing
their margin requirements.On balance I may decided to keep my tiny profit
and have a good nights sleep.Never give up, never surrender.
Was very tempted to buy that close myself.there will be less hair raising opportunities though,and if it runs up overnight…c’est la vie.
DOW: here’s an interesting theory – the low yesterday was exactly 1.382 of the previous rally (see chart). Strange. 1.382 ratios often occur as part of an expanded flat thing (up or down).
The first drop stopped at the 61.8 Fib from the ATH (around 24,700). It’s possible that what we are now seeing is an expanded flat B wave. If so, yesterday was ‘the low’ and the market should now rise in wave ‘c’ of the expanded flat.
Wave ‘c’ can be c=a at 26,000 or c=1.618 up at the 27,000 resistance.
We could then see a truncated larger C back to the 0.618 Fib, making the ultimate low for this move (a higher low).
Just a theory…
That Dow chart would fit with my 9th March cit.
I will wait and see if your chart and my cit hold water.
Never give up, never surrender.
Dow S2L today.
A ‘normal’ is early lod late hod.
Note … Ftse & Dax are currently indicating ‘A’ shape variant.
So maybe they got too excited too early.
IF they turned up again for the late hod it would be a very
positive move … IFOn the other hand watch for US majors in case they do an ‘A’.
Never give up, never surrender.
Dow bulls best hope … in fact only hope is
that we spilled up to complete S1H monday
and are now going down to pt3 lodEven then they need a ‘normal’ S2L hod in
the afternoon.Anything is possible and it would be a
quite dramatic day.No trades for me … mine were done early.
Never give up, never surrender.
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