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In the UK covid19 is used as an excuse for poor service.
Sell Ftse and buy Dow !
Never give up, never surrender.
For US majors it is hard to see what would now stop
a retest of the early Sept ‘h’ sThe only bet would be which of Dow Spx Nas is 1st to
test that level !Never give up, never surrender.
Yes monday is S2 … I am leaning L
Ftse & Dax look more like S2H
Atm analysis is all over the place !
US majors have printed a decent pt3 ‘h’ for S2H
but they need to sell off into the close and
that has not proved easy of late.Never give up, never surrender.
STD lean remains a puzzle but it is possible that we
get clarity in the last hour of US cash.IF S2L then this rally could last into the close.
IF S2H then we could get a late sell off.
Never give up, never surrender.
I was honestly so convinced we would see 3100 SPX. Shame it did not hit it as I had plans to close shorts there. I remember from the days I used to trade this full time and once it got into this phase of MAD MODE there was never any stopping it. Every dip is bought and every retrace one day wonders. Any very short term downmove would be a outdone by a prolonged grind rally back up. I suppose put simply it is liquidity and with the talk of yet more stimulus there is only one place that money will go.
Despite posting this, days like today still continue to surprise me. Sheer madness. Purely liquidity driven. Fundamentals and value out of the window.
Plan your trade, trade your plan!
SPX hit and exceeded my ‘wave iii’ target. Yes, the rampant advance continues, fueled by the madness in Tech stocks.
So, for SPX my pattern is extending and difficult to interpret for the moment.
For the DOW I have 29,257 for ‘wave iii’. It will likely get there, upon which we’ll get a ‘wave iv’. Am I prepared to short for that ‘wave iv’? No. In this rampant market the ivth wave can be a triangle or ‘expanded flat’ with the middle wave higher. I don’t want that risk thanks.
DOW target for ‘wave 3’ is 29,810. I think we’ll get there, and that might be an opportunity…
Good Morning Cimac Hatman captain et al
I was AWOL had switched of all Pc and all as It was to mark as respect My Father 1yr Passing away date and refe4ct contemplate and do the Religious duties – so took a Full week off
** Cimac / Hatman – Please can you Check your emails – as did shoot off around 10 days ago email to you – all notes etc I had of Tepd etc ** give me a shouiter and let me know in case I have goofed up ( I usually do that)
Small droplets of rain turn into Rivers, Streams and Mighty Oceans
Hi zarif
I got your email thank you. It will take me a while to read it all.
Never give up, never surrender.
My STD lean is S3H after spill down to seal monday S2H
Not at all clear atm.
Never give up, never surrender.
Small long NAS at 12070 … stop tba … limit tba ( x 3 )
… stop 11600 … limit 14600
Just a punt really.
Never give up, never surrender.
Small long Dow at 28800 … stop 27000 … limit 36400
That’s my trading done, I will watch and adjust stops.
Never give up, never surrender.
Small long Dow at 28800 … stop 27000 … limit 36400
Closed at 28825
Never give up, never surrender.
Small long NAS at 12070 … stop tba … limit tba ( x 3 )
Closed at 12150
I think I can get a better entry later.
Almost for sure on the Dow
Would need spill down
Never give up, never surrender.
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