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We are in uncharted seas, as our central bank captain
has taken the banking system, right off the map.Some want a cashless system so they have everything
under their gaze and control.Strange things could happen if the electronic
system were to fail ie cash could rise above
it’s nominal value due to rarity.We are like the early explorers, expecting to
fall off the edge of the world.Never give up, never surrender.
We have talked about the bearish side and there are truck loads
of potential bad news out there atm.So what of the bulls. They have to hold onto recent gains and
not allow stocks to just roll over down from ath’s.
Then we have June, Greece deal or no deal, FMOC meeting,
big Bradley 9th, new moon 16th and the quad oe on 19th.Never give up, never surrender.
Back after their holidays and traders will be
watching UK data at 10:00, US data at 13:30Never give up, never surrender.
Dax moves so far today show where we are and why we are not
done with the larger moves.Greece bailout, Spain voting more anti EU, UK wanting EU reforms
and an exit vote, the smoldering situation in Ukraine.Set against the EcB plan to keep the qe on full this summer.
Algo’s set to exploit the situation with 2way stop runs.
Never give up, never surrender.
Small short Ftse 7025
By trading circa the US numbers, at no cost to me, the entry is now,
short Ftse 7030I am going to set the stop at 7380 and limit at 6200 and then just
walk away and enjoy the spring, soon to be summer, weather 🙂Never give up, never surrender.
Move stop to b/e, old habits etc etc.
I would not be too surprised if we come back up
either late today or early doors tomorrow.Can’t rule out anything in this circus 😉
Never give up, never surrender.
Bullish post holiday for US markets ?
I don’t rate a ‘call’ that has traders -150pts (Dow) first,
regardless of where it goes later. That’s my view of it.Never give up, never surrender.
Cheers gekko.
All eyes over the pond at the big roundies, Dow 18000 s&p 2100
I am busy wednesday and will not be able to trade which works out
quite well for me because by the time I return on thursday we
should get a better idea of the strength of this downside.How many times in 2013 2014 2015 have we thought the top was
in only to see those dip buyers rally it all back up.Never give up, never surrender.
Quite a Ftse bounce from the tuesday lod.
I would not say the Ftse hod is in and we may see
the US yet higher later pushing Ftse ooh upwards.However, small short Ftse 7030
Never give up, never surrender.
Small short Ftse 7030
Out on this dip at b/e.
Looking for something higher in the US last hour
and 7050 better 7060 ooh would be nice.Never give up, never surrender.
My concern about shorting too soon is two fold.
I had a good day tuesday and don’t want to hand it back.
It’s just possible that the lows on tuesday for Ftse, Dax
and US majors were the first trading after the Bradley
on saturday 23rd. Is it possible that these markets
rally into the big Bradley on 9th June.Never give up, never surrender.
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