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Dax may want 11925 circa 0.618 fib or above
that the resistance zone circa 12050Downside only IF this is a retrace and the
falls continue could be 11000All in all not a trade for your pension 😉
Never give up, never surrender.
Central banks are making a lot of noise atm.
I don’t like it when they are saying how well things
are going because it reminds me of 2008 😉Never give up, never surrender.
I would be very surprised if the Dax hod was in
and that could also be the case for the Ftse.I am out of both and waiting to see if we get
a gap up by the US stock markets.Not looking good for the bears, unless they
can halt the US and euroland by 14:00(gmt).Never give up, never surrender.
Much better news for the bears as the US opens weak.
I still think that control of the period into 14:00(gmt) is
also required to take the day.It looks like the bears have taken their chance, atm.
Never give up, never surrender.
Dax did make it’s pm hod and the Ftse atleast had a go
at it but I am still on alert for a drop.US may get to my Dow 18400 and s&p 2140 targets but
at these levels it’s not a done deal for the bulls.I am going to play safe and place some short entry
orders to cover what could be a fast train south.Never give up, never surrender.
Small Ftse short at 7012
FMOC minutes at 18:00(gmt) could produce a swing.
Never give up, never surrender.
Post FMOC minutes the US algo’s are using shorters
own stops to drive the market up and it will not
be over until there are no more in reach.I would like to think we see empty trains run
fast in the other direction.Never give up, never surrender.
I was reading today that those in the know say that the
private investor is ‘all in’.
High share ownership and low cash in trading accounts
plus high levels of margin.
New ath’s have made it seem, a one way, low risk bet
but they are forever logging in to check the value of
their holdings.Where do they get all this info from !!
Never give up, never surrender.
ASX 200 @ Wed 20 May 15 – Intraday
From May 6th: “The count shown from the March 3rd high (5996) projects a bottom for this move around 5380 (green horizontal).”
The DAILY chart shows an alternative count, elevating the positions of waves-i and -ii to better account for the price action to date.
The initial bottoming target for this move (lower green horizontal) rises to 5520 (previously 5380). The upper green horizontal marks the level where wave-v equals wave-i.
The internal wave count for wave-v suggests this pullback could already be complete at today’s low.
Confirmation of the larger count remains a breach of the wave-4 low, well below at 5122 (magenta horizontal).
Small Ftse short at 7012
This was cashed in early doors.
I now have two small Ftse shorts at 7014 set for different targets,
just so I can leave them to run and get on with other stuff.Same rules, this trade is well within risk management parameters 😉
Never give up, never surrender.
State of play. We have super bullish and super bearish talk
from the pundits. Very low volumes.The low volumes seem to help the bulls and there is no reason
why this can’t run through the summer months.The bears have hstory of sell in May on their side and maybe
that when markets top, breath and volume falls away.Day traders don’t really care about tomorrow as they focus
on the trade. All they want is a market that moves.Never give up, never surrender.
Very low interest rates do produce some interesting
changes to the way people look at purchases.As we have falling prices in the UK, why rush out and
buy today, that which maybe cheaper tomorrow.Also, if you wait, you may get a newer model, or the
current(now old), model cheaper.Keep hands in pockets, wallet and purse shut tight.
Never give up, never surrender.
After a very active day I am now flat the Ftse and looking at a
possible tag of circa 7039 for my next short entry.I know, even as I type that price, it does seem a bit high 😉
Never give up, never surrender.
Sometime in the remainder of May I am going to open
a trade, that will run until I return in September.
It will have no stop (save for the account balance) or
limit, so that no one can spy on my intentions.I am fed up with trading 30 to 50 times a day so
that someone else can make a profit, regardless
of the outcome for me.Never give up, never surrender.
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