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SYSTEMS FOR TUESDAY 26TH AUGUST 2014
Hi all,
Recap ….
Intraday wise …. I banked 0 points in ES today.
I have 1 short in Ftse, 19 shorts in spoos and 2 swing positions open.
Onto today …
KP
None in play.KTB
We have a KTB2 triggered at close on 08/08/2014.
It is now negated after DAY7.KTS
We have a KTS5 triggered at close on 05/08/2014.
It is now negated after DAY3.SYSTEM BDIP
We have a BDIP triggered at close on 20/08/2014.
TODAY IS DAY4.DAY1… We got a low of -2.75.
DAY2… We got a low of -8.00.
DAY3… We got a low of +1.00.
DAY4…DDUD
None in play.SYSTEMS TRIGGERED
ES4B
SYSTEM 131 (KHC-3)
SHOULD GET A -3/-4SPX4A
Spoos closed at 1995 (basis Sep)
K+3 = 1998
K-3 = 1992
Conclusion
We have 1 KHC-3 SYSTEMS in play.
We have a BDIP DAY4 in play.
Plan your trade, trade your plan!
But there are negative SYSTEMS again but it just cannot even manage to satisfy those.
Anyway I have had enough of this total NPR. It is the last week of August and its just not playing ball.
I really do not want to add to shorts now and do to want to cut here either.
So I bid you all farewell from me for a week whilst we enjoy the summer sun in Crete.
I will ofcourse be in touch from there and speak soon.
God Bless.
Pal
Plan your trade, trade your plan!
Most of all good luck all with these markets.
Whether we have a blow off spike coming now, who knows.
I would have thought sharp retrace and then any blow off is related to XMAS rally.
I am sticking to my guns once again.
Lets see
Plan your trade, trade your plan!
hoping for a gapfill and then maybe a final launch into labor day high on Monday 1st Sept
Thanks SMashie. Flight departs in 3.5 hours.
Another gap up and another no fill.
ES touches 2000 and barely reacts. That is so worrying. It looks like its just testing the waters for a break up.
Since this new MAD MODE began on the 08/08, we have had 5 Gap Up’s which have not been filled, inc. today so far. That is quite an effort by the crooks.
Personally looking at KAIS I think we are very close to a top, which by my reckoning should have been yesterday/today. Problem is there has been no blow off top
Plan your trade, trade your plan!
NAS has gap filled both days yet stupid SPX is on drugs
re KAIS
Read somewhere – stats since 1997 – when there are two consecutive unfilled weekly gaps, then a key top occurs at 2 weeks out from the 2nd weekly gap, followed by a large correction that fills both gaps coupled with ian/rajacar’s call for a top, its a case of when the worm turns…we could get the correction down to 1860 ish – I ‘d say 200 ma
Apart from KGOS, I would love it if KTS triggered in the next couple of days..
KGOS……Ukraine says the Ruski’s have invaded – will this be another dip for them to buy or is KGOS gonna do the business and start a downward leg? Hope you’re enjoying the sun Kman
Greetings from Crete.
Its a complete joke geopolitically really.
Problems in …
Iraq
Syria
Ukraine
Pakistan
Hong Kong
Afghanistan
And many more countries that are not currently on the news.
Yet markets remain ignore mode.
Hilariously they are talking of another possible US Govt. Shutdown in September also.
So patience is all I need.
Plan your trade, trade your plan!
Hi Kman,
A client of mine warned me to avoid the tube due to threats…. They know friends working in security apparently. God knows…..hope not…
I fly to Brazil in 6 hrs…better get some sleep…three hours lol
boa noite!!!
Dan.
I am sitting at the airport to return home. Flight is delayed so it looks getting getting in to Manchester around 5.30am ish now. Yuk. However it’s really been a fantastic holiday and break.
Have a great time Dan and as always see you on the pad.
Hope you have all been well. I see DOW is now diverging which is good but the dipsters need to die.
I see I Oil was going up and trending up so well and then today a sudden wallop down
Looking forward to getting back to charts for analysis and Systems for guidance
Plan your trade, trade your plan!
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