Hi all,

Recap ….

Intraday wise …. I banked points in spoos today.

I have 1 short in Ftse, — shorts in spoos and 2 swing positions open.

Onto today …

KP
None in play.

KTB

None in play.

KTS
We have a KTS5 triggered at close on 02/01/2014.
TODAY IS DAY4.

SYSTEM BDIP

We have a BDIP triggered at close on 31/12/2013.
It is now negated after DAY4.

DAY1… We got a low of -24.50.
DAY2… We got a low of -6.00.
DAY3… We got a low of -6.00.
DAY4… We got a low of -1.00.

We have a BDIP triggered at close on 27/12/2013.
It is now negated after DAY4.

DAY1… We got a low of -3.00.
DAY2… We got a low of -0.75.
DAY3… We got a low of -24.50.
DAY4… We got a low of -6.00.

We have a BDIP triggered at close on 26/12/2013.
It is now negated after DAY4.
DAY1… We got a low of -3.25.
DAY2… We got a low of -3.00.
DAY3… We got a low of -0.75.
DAY4… We got a low of -24.50.

DDUD

None in play.

SYSTEMS TRIGGERED

ESH1 NEXT DAY (KHC+3)
USUALLY GIVES +3, IF IT GAPS DOWN THEN IT CAN GIVE A DDDD AND THEN BOUNCE AND MAKES A +3 LESS LIKELY.

ESH
USUALLY GET +3 AND -3. MORE CHANCE OF -3. NORMALLY IS A DOJI TYPE DAY WITHIN +5 AND -5. TRADING < -5 GIVES CHANCE TO SD DAY

SYSTEM ESL1
MORE CHANCE OF DOWNSIDE THAN UPSIDE, USUALLY TRADE POSITIVE AT SOME POINT, NORMALLY GET -3, IF NO -3 THEN RARELY CLOSE AT HIGHS, UPSIDE UNSUSTAINABLE & CLOSE WITH LITTLE CHANGE ON THE DAY. CHANCES OF -7, -10 & -17 ALSO. THE CLOSE CAN BE VERY ERRATIC. ALSO AFTER THIS SYSTEM THERE IS ANOTHER CHANCE OF A -3 THE NEXT DAY

SPX3B
SHOULD GET +3/+5, -3/-5. DOJI TYPE DAY WITH A CLOSE WITHIN THAT RANGE

SPX4A

Spoos closed at 1830.50 (basis Mar)

K+3 = 1833.50

K-3 = 1827.50

Conclusion

We have 1 KHC+3 SYSTEMS in play.

We have a KTS5 DAY4 in play.

For now it reacted at resistance but into NFP’s now it is not clear.

Let’s see where we are in the morning.

Still short here. Tomorrow looks so so. Maybe doji? Who knows….maybe up a bit, ms trigger and down for the -ve to fill it.

Is 1828 still the zone to take out?

Dan.

I would say 1826/8 area Dan. Below that we fill yesterdays gap @ 1820.50 / 1818 and below that we can print a low 180x.x print.

Next time give me a shout and we can meet up as I am close to Old Trafford.

Be nice to see this break lower.

Can you recall the longest we waited for x2 MS or even one to come in. I remember one once went out loads (maybe 70 odd)  and many weeks but did eventually print. Have any as yet not printed?

Given this I do feel that at least the 1812 will come soonish…. Probably quickly followed by the 1797 but who knows….

Can test 1800 which may overshoot and clear the MS before yet higher once more….?

There again I swear we get a 10% correction at least at some juncture soon, but that means going to under 1700. We have been conditioned nicely not to expect this sort of move but it’s not a particularly unusual thing to happen.

Get beyond -5 as one of the systems says, we may be on for it, especially as -5 would coincide with busting support.

Of to meet a friend in St Margaret’s for coffee….

See you later,

Dan.