W/B Saturday 6th June

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  • #31847
    cimac
    Participant
      • Topics 82
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      NAS hit a new ath

      Never give up, never surrender.

      #31848
      cimac
      Participant
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        The full moon lunar eclipse on friday was
        in the zone of a minimum decline.

        Never give up, never surrender.

        #31849
        hatman
        Participant
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          NYA:  the NYSE Index is approaching or has already reached wave (iii) of iii (of C).  It might have a small 4th and 5th to go, but the peak on Friday was in the target region.

          I’ve shown on the chart a possible roadmap for future price action.  The movements should be more difficult from here, with a reduction in momentum that will allow the RSI and MACD to decline to create divergence when we get the final pop 5th.

          The C=A target is at 13,450, so that’s still about 5% higher than at present.

          Note that the 4th waves shown can be triangles or flats with wider price action and longer time frames.

          After we hit the C=A at 13,450 the market should decline to overlap wave ‘A’ at 11,650.  That’s a decline of about 13%.  Although I’ve shown it happening quite quickly on the chart, it can be extended and last three to six months.

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          #31853
          stathis20
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            i try to post a link and my post keeps disappearing  any way part of the article

            Friday’s report showed that the government continues to struggle with how it classifies millions of out-of-work Americans. The Labor Department admitted that government household survey-takers mistakenly counted about 4.9 million temporarily laid-off people as employed.

            #31854
            cimac
            Participant
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              Project Bull/Bear rates this week as BCCDD

              Last week the bulls pushed back and overturned the rating.

              Now we have a rating that runs more bearish as the week unfolds.

              Never give up, never surrender.

              #31855
              cimac
              Participant
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                I am still short Ftse at 6500

                In this bull trend I would be happy to see 6400 before 6600
                as that would make this trade a success for my trade plan.

                Never give up, never surrender.

                #31856
                hatman
                Participant
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                  Sailing was interesting but rather difficult and frightening.  First day we had classroom lessons in the morning, then <span lang=”ko”>선생님 (teacher) took us out in the afternoon to just sail around the marina to practice.  Small one/two man training boats.  Very difficult training in such small boats for a person my size (190cm, 6’3″).  Towards the end of the session I fell out of the boat, couldn’t get back in, so I had to swim across the marina back to the yacht club.</span>

                  On the second day we ventured out of the marina into deeper waters.  Luckily the wind was calm.  Spent the afternoon trying to tack (turn against the wind).  Very difficult in such a small boat.  Again I fell in the water and had to be rescued by <span lang=”ko”>선생님 in his powerboat.  As I floated in the deep water I had visions of jaws coming for his afternoon snack.  Luckily he was somewhere else that day…</span>

                  #31857
                  Khalsa
                  Moderator
                    • Topics 1069
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                    Wow David, that all sounds an adventure in itself.

                    I think I would prefer to take my chances at trading lol

                    Plan your trade, trade your plan!

                    #31858
                    Khalsa
                    Moderator
                      • Topics 1069
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                      Well Merlin has been consistently wrong when he has predicted down. SO with him predicting up …..

                       

                      chart

                      Plan your trade, trade your plan!

                      #31859
                      cimac
                      Participant
                        • Topics 82
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                        Hi David … sounds like you would be better of
                        learning scuba diving because you should
                        be in the water.

                        Never give up, never surrender.

                        #31860
                        hatman
                        Participant
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                          I have completed the first two days of the course.  Complete course is eight days so I have six more days to go.  That then gives me a certificate to sail small dinghys.

                          To be able to sail larger boats I have to get my Deckhand Certificate issued by the NYA.  Unfortunately my local club isn’t authorised by the NYA so I’ll have to go to Palma Mallorca to take my Deckhand course which involves a week living and training on a medium size yacht.

                          If I want to Captain a boat I then have to take the Day Captain Certificate which is another week training and living on a larger ocean going yacht.

                          So it looks like I’ll have to spend some time in Mallorca.  Unfortunately the best training centers have closed for this year due to the virus, so perhaps next March might be the best time.

                          In the end I’ll be able to be Captain of an ocean going yacht, but it will take a while (and is expensive).

                          #31861
                          hatman
                          Participant
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                            Me with team.  You can see how small the training boats are…

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                            #31863
                            houdini
                            Participant
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                              Love it hatman! I spent a weekend on a canal boat in leeds once! Lol..that was about the height of my ocean yacht skippering.😂

                              #31864
                              Khalsa
                              Moderator
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                                Awesome David, lovely to put a face to your name.

                                Plan your trade, trade your plan!

                                #31865
                                Khalsa
                                Moderator
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                                  It looks like this market is still happy to go higher, despite the fake NFP’s.

                                  I am fully expecting a gap fill today, which will come in at 3186.25.

                                  The issue is as always how high first., Will we get a 2.30pm high or do I need to go in before?

                                  Plan your trade, trade your plan!

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