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cimac.
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September 17, 2019 at 07:43 #27839
I wonder if the rotation from large to small cap
stocks in the US is more a last attempt to grab
some growth ( in share price ) after the leaders
have started to fail.FMOC wednesday
US vs China trade deal hopes
Tensions in the middle eastI suspect we don’t yet have the full
picture on the above but we will.Never give up, never surrender.
September 17, 2019 at 07:50 #27840Small short Dow at 27100 … stop 36000 … limit 18000
Time for my drop guard.
Close half at 27035
Stop to b/e on the rest.
I doubt I will trade again until FMOC 3way whipsaw.
Never give up, never surrender.
September 17, 2019 at 08:40 #27841I made money on the short side Monday/Tuesday which partly made up for earlier losses.
I’m now content to sit on the sidelines for FOMC.
I suspect we are in wave 4 with a wave 5 upwards to come, but when that will materialise is uncertain.
September 17, 2019 at 13:40 #27843Small long Dow at 27000 … stop 26000 … limit 27500 ( x 3 )
My FMOC trades.
Never give up, never surrender.
September 17, 2019 at 15:37 #27844My positions are …
…
Small long Dow at 27000 ( x 3 )
Small short Dow at 27050 ( x 3 )
…
I will unwind these positions at or after FMOC… yee haw !
Never give up, never surrender.
September 17, 2019 at 20:07 #27845Well done guys,
Looks like the downside is limited short term.the saudi drone event launched the crude market nearly 20% but could barely cause a ripple in the es…what can the fed say that will be so significant to trump that? Sitting on my hands until late tomorrow.see how things develop…undercut sunday evenings futures low and rebound appears the bookies favourite.the top just keeps getting pushed further and further out.as tops generally do.September 18, 2019 at 12:21 #27846SPX: the story basically continues – support at 2990 is holding. If this is the wave 4 ‘long and flat’ then the sideways action can continue all this week. The problem with this ‘flat’ 4th wave is that it can take many shapes – just a long slow sideways to down, a triangle thing, or even an ‘expanded flat’ shape that has a middle wave jump upwards. Of course it’s impossible to tell in advance.
Logically SPX should find a reason eventually to decline to the 2970 area (dow 26,800) but how it will get there (if at all) remains a mystery.
Attachments:
You must be logged in to view attached files.September 18, 2019 at 18:12 #27848With 49 minutes to go it looks like we are going
into FMOC on the down tick.I do hope the bulls can lift this rubbish market
back to aths and to new aths.Dow 27650 on 6th October remains my time / price
but I will join the idiots that take it there.Never give up, never surrender.
September 18, 2019 at 20:47 #27849Small short Dow at 27100 … stop 36000 … limit 18000
Drop guard in place.
On the face of it we have completed the drop before
the rally to new aths … let’s see it happen.Never give up, never surrender.
September 19, 2019 at 09:19 #27850Ftse and Dax both with early drop and rally into pt1
which, for now, increases odds of S1HBOE damp squib at lunchtime may distort Ftse.
I am interested to see if the Dow drops and pops
in the early cash market.Never give up, never surrender.
September 19, 2019 at 13:57 #27851Small short Dow at 27200 … stop 36000 … limit 18000 ( x 4 )
Time to re open the drop guard.
Mixed signals re Dow STD … it’s S1 ( ? )
Never give up, never surrender.
September 19, 2019 at 14:07 #27852Dow futures have just printed 27200 so that
is a good reference point for cash.It’s difficult not to see some mini fireworks
in the 1st hour of cash.Never give up, never surrender.
September 19, 2019 at 14:53 #27853Small short Dow at 27200 … stop 36000 … limit 18000 ( x 4 )
Closed at 27195 … 5pts x 4
Peanut trade !
I cannot rule out Dow 27650 circa 6th October
even if it does seem unrealistic.No position … watching.
Never give up, never surrender.
September 19, 2019 at 15:49 #27854Odds are Dow S1H … not a lock until pt2 sealed.
IF S1H today then S2L friday ( S3L Sat and S4H Sun )
and S1L monday.I want a rally into late friday so I can open
a small Dow short to cover any weekend
kick off with Iran.Never give up, never surrender.
September 19, 2019 at 20:18 #27855Dow S1 (?) may not be known until cash opens on friday.
When we get these mixed signals it can lead to a larger
move to resolve the issue.Never give up, never surrender.
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