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This potential megaphone top stateside could instead be an ‘abc’
and now in the next wave up to even higher highs. That would
not really give much downside for my drop window and the
same goes for Ftse, although it’s a different pattern.Well we can only trade what we have each day and not get stuck
on an idea just because it suits our trades.The bears will get there turn and it will be a bumper payday
even if they have to wait until 5th Feb 2015 😉Never give up, never surrender.
Yesterday I mentioned the possibility of it being a consolidation, pointing to further upside. Today is a similar day to yesterday which tends to strengthen the possibility that it’s a consolidation. Seems to me the odds are the next significant move will be up.
cimac, what is significant about 5th February?
cimac, what is significant about 5th February?
It’s a date I have seen mentioned a couple of times. I do not
understand their methods but will look again and maybe
post here if I find more to say about it.Re the downside. Risk is still there and even more so if we
all keep looking up. I will take a very small Dow short and
just run it 24/7 to cover downside surprises.Never give up, never surrender.
Cheers cimac.
Risk is always present of course, the recent trend has been up so in theory a consolidation should produce more up. We will see.
As for my first half of November drop window with the focus
on 15th & 16th that is still in play. In an ideal world a nice
bit of downside this friday and monday would be 🙂Never give up, never surrender.
A long way away but sept 15th 2015, the IMF recalibrate the Special Drawing Rights ‘Currency’.
Some reckon this will be used in the event of a major dollar crisis.
They may need to work it out sooner :p
I would like to try and get Dow 17650 as my short to
run 24/7 to cover downside risk. Bearing in mind the
upside risk, it would have to be a small position.Never give up, never surrender.
Cheers Dan, that is one way of destroying money and you
have to think we are not out of the credit crunch woods
if measures like this are still being thought through.Never give up, never surrender.
Not going to get Dow 17650 by the looks of it
but I will be short before the close, fwiw.Never give up, never surrender.
Reading that article, if you were a fund or institution with loads of cash as deposits, you would be seriously looking at withdrawing it…
spells “bank run” to me at some point.
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