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Cheers gekko
My next move is to short the Ftse gap up but this may
not be a quick cash in, as we may expect the US to
also gap up later.Once the dust settles we should get the November drop
and then see what the charts look like.Never give up, never surrender.
Just thinking about how the Ftse could react when it
opens and also how the US opens. So it maybe best
to plan to open my Ftse short in two parts and
then hold until we get the November drop.I can day trade with other funds as per usual.
Never give up, never surrender.
Now shorting the Ftse at 6500 holds two risks this week.
1. The US gaps up today and takes Ftse with it.
2. The guys over the pond get all excited about zip
and that causes a wash over into thursday.I am prepared to see my short go underwater because
my analysis indicates we have a decent drop ahead.Never give up, never surrender.
silver at 15.20 support , where the wave 5 = depth of the wave 4 triangle. took a punt , stop below 15.
Gold:silver ratio now 75.
historically 15 has been a well visited level, maybe 10, so ‘when’ precious metals do go up then one could argue silver will outperform gold by as much as 7.5:1.
If you ‘account’ for all the currency that’s been created gold would have to be 20,000 or even 25,000 to back the dollar. Even at a 20:1 that could put silver at 1000!!!
ok I’ll stop dreaming and go back to work…..
I am hoping these wild gyrations may be a sign the sh&t is about to hit the fan…. Ie The Feds are desperately trying to kill the PM space, & hoover up some weak hands. Would love these down days to be blown away by a mega wcb.
Stats are positive for November through April which is set against
what the charts look like and other forms of analysis which I use.When you have a conflict in market dynamics, that would indicate
we are in for some very sharp moves.I am not yet sold on the idea that the top is in, or even in for
2014 where US markets are concerned. Santa rally has good
odds this year. The November red zone is here and the clock
ticks for the next decent drop.If we trade each move and leave the next move until it’s time,
then we have a good chance to make a profit.Never give up, never surrender.
I think we got what we suspected re Ftse and euroland with
a pop and drop(no gap fill) and now we drift higher into
what we expect is a US gap up. QED it looks like next
big action will come during US rth and thursday Ftse
etc will get the US back wash.Never give up, never surrender.
American Financial Markets Have No Relationship To Reality — Paul Craig Roberts and Dave Kranzler
Naked shorts of 25 tonnes and 38 tonnes of  ‘paper’ gold.
Silver recovering as spoos pairs gains.
could be a hammer bottom and top respectively if they keep moving the same way….
silver at 15.20 support , where the wave 5 = depth of the wave 4 triangle. took a punt , stop below 15.
took off half for 30 pips . Stop on the rest at 15.10 for a free ride. be nice if that was it , as you say Dan.
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