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I think I am right in saying that Aus200 futures
went down to circa 5350 but unlike other majors
they have not retested …. hmmmhatman will put me right … when he wakes.
Never give up, never surrender.
Wednesday UK budget
The government will promise to raise infrastructure
spending to its highest in decades.Thursday EcB
Expect economic help for coping with financial
aspects of the virus in euroland.Rumors of tax breaks in the US.
Could all mount up to a concerted effort to
calm market fears. May not work but it may
cause some spikes.Never give up, never surrender.
In 2008 Credit Crunch I it would have been
better to spend money on infrastructure
rather than the QE nonsense.Economies thrive when the mass of people
have well paid jobs.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.Dow bulls got their wish
Never give up, never surrender.
SPX cash has support at 2,840 and 2,800. There is a double bottom at 2,740.
At the moment spx futures seem reluctant to drop below the 2,800 support area.
Interesting that Hubei province has reported zero new cases, and Wuhan only 26. This seems to suggest that quarantine and containment is the best policy.
Unfortunately neither the United States or the UK seem to understand this (or are simply reluctant) so one should expect the virus to spread rapidly in those places.
Wuhan market ban on selling live wild creatures.
Humans have a history of repeating their bad ways.
The universe will return with a much bigger spank
if lessons are not learned and upheld.Never give up, never surrender.
There are a surprising number of traders who persist
with the idea of US markets returning to new aths.Too many in that boat perhaps.
Monday down
Tuesday up
Wednesday down … say futures
Thursday and Friday are critical in understanding
the bull/bear bun fightNever give up, never surrender.
BoE in surprise 50bps interest rate cut.
Lowest interest rates in history for the UK now at 0.25%
Billions promised to help banks support companies in
the do do over virus issues.Never give up, never surrender.
Dow S3L today
The real decider is S4H thursday
I love these markets.
Never give up, never surrender.
Get your rubber out.
These markets require a new equilibrium factor.
Never give up, never surrender.
Dow cash 24000 is the new bull / bear divide.
Atm it hinges on Thursday & Friday
Never give up, never surrender.
BoE cut and UK budget.
Fed cut and perhaps more action.Thursday EcB now in focus for something special.
Never give up, never surrender.
Small long Dow at 23750 … stop tba … limit tba
A VERY risky trade which I am only willing to do
as I have profits to put on the line.Never give up, never surrender.
Small long Dow at 23750 … stop tba … limit tba
A VERY risky trade which I am only willing to do
as I have profits to put on the line.Stop at b/e
If this is a ‘normal’ S3L then my stop should be hit.
Never give up, never surrender.
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