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Thanks Khalsa. I have now seen the alternate log in link and the visitor count.
My trade as posted was a spectacular fail. Your full on bearish view was right. I lose 5 points.
Feel free to do the exact opposite of any trades I post but only after you DYOR 🙂Please feel free to trade the opposite to me - but whatever take responsibility for yourself and above all DYOR !
Great stuff Salty
Alot of FAQ’s are in the menu above under faq’s. Quite useful.
Sorry to hear about the loss today. My bearish stance has saved me and I got a magnitude of very bearish SYSTEMS last night as the bias for today.
This is a pyscho market though with US government shutdown pollux and QE pollux so its very hard to run shorts as you know they can pump it on QE or any pollux US shutdown / fiscal cliff resolution rumour
Hence the game for us has to be to NOT LOSE MONEY even if that means DOING NO TRADES.
I used to do many trades a day. Nowadays its usually just one to three trades max.
Plan your trade, trade your plan!
Posted this earlier
Whatever the case, whether I make more money short or not today, the idea is not to get caught long or catch a falling knife. If we manage to get save from that, thats a successful day in itself as I am sure in the past, many of us would be caught.
1667.75 hits. We should support here for a bit, but probably not go up much just sideways
Plan your trade, trade your plan!
and this one
1666.75 now last chance saloon for this. I would love to say that I was right and this is a downtrend like I have been posting, but if I say that it will probably jump up 20 points in a flash on some pollux news.
and lots more same theme.
We jumped 14 points
Plan your trade, trade your plan!
lol spike down and now back up. True psycho market.
and you know the news?
“Police lock down US Capitol building” Shots fired outside!!
and they rally it.
Mustards.
Breaking news all over bloomie. Talking live? How the hell can it rally on that. You have to laugh really.
Plan your trade, trade your plan!
<b>Today’s Blue Chip Stock Market Comments:</b>
Stocks fell sharply Thursday October 3rd. The Violence at the White House around 2:00 pm EDT Thursday fed an already down day, but the internals tell us that the PPT was concerned that a plunge could evolve, so bought the market hard, preventing a collapse in prices. Demand Power fell 7 while Supply Pressure rose 10, telling us Thursday’s decline was strong. Volume was average for the past 10 days. PPT buying prevented a 90 percent panic selling down day from occurring. That is important because had a 90 percent down day occurred, the odds increase that a bottom is near. There was a stock market buy signal set-up from the VIX Thursday, as it closed above the upper 2 standard deviation Bollinger Band boundary. Once the VIX closes back inside the bands, it will trigger a new stock market buy signal. Those buy signals have been pretty good at identifying short-term bottoms that lead to nice tradable rising trends.
Short-term, stocks are working through a correction inside large degree wave <b>c-</b>up. There are two possible patterns for <b>c-</b>up, one is a Rising Bearish Wedge, which would mean a lower upside, or an impulsive five wave rally, implying a much higher upside. In either case, this coming top will be the end of a Bull market that has lasted for centuries. Then the Coming Economic Ice Age begins.
The stress we are seeing in the daily news from Washington’s shutdown, the anger, the rage, is just a small glimpse of what financial stress could look like from this coming economic collapse. McH.
So NFP’s are cancelled today due to US Government shutdown?
I wonder if there is movement on the “invisible” figures
Plan your trade, trade your plan!
I cant bring myself to sell it yet, thought I want to, I cna see two scenarios (which means there must be at least 50 !!)
1. it snaps back down and the arse falls out of it.
2. People go, “oh look, the market is up pre-market for a change, lets buy em”
The chart attached shows possible 1680 es as a resistance for me however if that busted this could be a fast elevator up given its a signifiacnt downtrend…
I think in summary I’m chicken and will see what happens, it will probably dance within the apex, lol
ps Pal, any chance of adding the ability that if you click on a thread link in the email you dont get an error meggage but rather redirected to a login prompt that then sends you direct to the tread ? would be neater 🙂
and dow….. there really is nothing below for a a while, but this line has held so firm, man I hate thes points.
ps Pal, any chance of adding the ability that if you click on a thread link in the email you dont get an error meggage but rather redirected to a login prompt that then sends you direct to the tread ? would be neaterÂ
That is very strange Ark, when I click on an email link, it takes me not only to the thread, but straight to that post.
ps sorry I pressed “detach” to see what it did I removed your chart on the above post by mistake. Apologies Mike
Plan your trade, trade your plan!
Marko indeed.
Here is my take on it posted for today.
I am going to keep this brief in view of its crooksday. NFP’s have been cancelled today due to US Government pollux SYSTEMS wise we have a magnitude of +ve KHC’s which suggest a +3/+5 minimum but against that we also have a KTS and BDIP in play (bearish combo) The KTS is a KTS5 which can often lead to a pop on DAY1 and then drop on DAY2 or intraday pop and drop. Resistance to is 1675/7 area. Above that resistance is at 1680 and above that it can try for a rally. Support is at 1663 below which it will continue to make lower lows. As it stands I may short 1677/80 but probably do nothing until RTH
Plan your trade, trade your plan!
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