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Market seems very ‘jumpy’ or ‘nervy’.
Yes apparently the “Dodd-Frank” move, (whatever that is), has removed the MM’s from the market which is causing the nervy movements and the volatility. With the absence of MM’s there is no buffer against violent moves.
not much going on ahead of tomorrows fomc descision
i have wednesday/thursday as a turn point,so looking for a scary quick plunge then big bear burning rally into next week up towards 2030ish.thats the plan,but any lower than 1910 would be all bets off.not much going on ahead of tomorrows fomc descision i have wednesday/thursday as a turn point,so looking for a scary quick plunge then big bear burning rally into next week up towards 2030ish.thats the plan,but any lower than 1910 would be all bets off.
Thanks Harry, how ya doin?
We may atlast get pattern clarity for the rally off the 24th Aug low.
Current favorite is this retrace is a 4th so 5th down next.
Next is the retrace is not done and we have a good ‘c’ rally.
Lower odds the retrace is an ‘abc’ as a ‘B’ or 2nd which
would herald a sharp drop.FMOC seatbelts on seems best whilst the market decides.
Never give up, never surrender.
not too bad paps,all good down here in rain-sodden bristol! no place for the ray bans at the moment lol.its the will they,wont they raise day.on top of that epiry week…you can smell the fear! b wave triangle at the moment makes sense with c up to come for me..just have to wait and see how it all pans out and try and keep the shirts on our backs!
what about the Ken dODD MOVE i went to moscow once and said is Lenin?
Let me guess, they said no. So you said, is Stalin ?
Good to hear from you hog
Never give up, never surrender.
what about the Ken dODD MOVE i went to moscow once and said is Lenin?
Let me guess, they said no. So you said, is Stalin ? Good to hear from you hog
Stalin is a bird no? ?
Stalin is a bird no?
Ha ha very funny. Go back to sleep Rupert 🙂
Maybe the sp500 will have crept back upto 2000 just
for the Feb news in 24hrs times, fireworks expected.Quad expiry the next day could cause complications.
Never give up, never surrender.
Lots of eyes on FMOC today and quad expiry tomorrow.
Next week the markets could be vulnerable as the robots trade the stops.
Never give up, never surrender.
Bulls best hope maybe to hold the 24th Aug lows to
repeat the action seen in Aug-Sep-Oct of 2011Odds don’t look good but we would have said that
back in the autumn of 2011Never give up, never surrender.
So we have stock patterns which look like we are
retracing off of the 24th August lows.
However due to the odd shape this could terminate
at, for example sp500 2000, or a lot higher.
Then retest the 24th Aug levels, expecting to go
below, maybe by quite a margin.FMOC expectations are no change and any surprise
here could give a lot of movement.
Fed meetings often give a 3 way move, so look
at the first move to key off the sequence.Quad expiry friday and that will hinge on all
the vested interests of the big boys.Algo’s will want to run ‘all’ the stops and
may extend the 3 way action.Phew, that about covers it. Play safe.
Never give up, never surrender.
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