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I am not that perturbed yet Hoggy as it just seems typical topping out pattern needing a secondary high.
My plan was for a pop and drop today with THE SYSTEMS.
We had a pop and then it has dropped 10 from the highs but now does precariously look as if it wants up again.
It just needs to break 1760/3 area down.
Plan your trade, trade your plan!
unexpected cut in interest rates!
http://www.bbc.co.uk/news/business-24851483
Currency traders will be interested.
Hopefully support breaking now Paps.
Just needs a crooked spike up to stop people out on the ECB news it seems.
Lets see if this is just a deep early low for the dipsters to buy or if its real.
The clue is holding 1760/3 as resistance now
Plan your trade, trade your plan!
Merlin bang on so far again today, I wonder if he will be right tomorrow with a rally to new highs?
Doesn’t look likely.
Merlin bang on so far again today, I wonder if he will be right tomorrow with a rally to new highs? Doesn’t look likely.
with the Dow & s&p bouncing pretty hard I wouldn’t be be so sure as to write Merlin off yet, those dips keep getting bought…..
Hey Ark, I am hoping today was a secondary high and its down from here for a bit until crooks XMAS rally and NEW YEAR rally.
Even that can be cancelled this year if we get lots of good numbers out like todays GDP
Plan your trade, trade your plan!
Hey Ark, I am hoping today was a secondary high and its down from here for a bit until crooks XMAS rally and NEW YEAR rally. Even that can be cancelled this year if we get lots of good numbers out like todays GDP
ha, but it depends on the mood of the market, does good GDP mean oh no they may stop QE, or is it bullish, with dudley and stein and draghI all about to start gassing it could be interesting……
i have no idea what this market is doing here, the euro rate cut was a classic ooohh good news, which must have been followed by, oh aactually ust really be in the **** (da x spike amd sell off impressive) you just have to love it all, I don’t know how you day trade this on a daily basis I watched it today and yesterday and am left thinking WTF, just waiting patiently for some Armageddon news which always seem to come, I wonder what it will be, or if the euro rate cut was it…….
larry expecting some armageddon type news too, bavk to his bearish self.
went short gold earlier so hoping its not too armagedonnish 🙂
Hey JM, thats some geeky look lol.
Welcome to the new Pad.
I expected this action on Tuesday as a high, and it did indeed come down but was bought back up.
Today was a classic after yesterdays pollux and then ECB mega pollux today.
Plan your trade, trade your plan!
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