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aaarrrggghhh
Same old, same old yet again! Mustard QE market trait.
Printed a -3 and then zoom to a +5.
Now +2.
A down market is always a 2 way market
An up market is always SU
Plan your trade, trade your plan!
Why did I come back?
There was awesome volatility trading from mainland Europe.
I cannot see any gap open above on ES and therefore no idea of a target
We are at the 78.6% retrace on SPX and thats the LIS. Above that its 100% and back to highs imo.
If this is a snapback today needs to be a high (barring any throwover)
Plan your trade, trade your plan!
This European situation is farcical.
But the markets aren’t bothered.
Angela must be bricking it this morning, something’s got to give? Can the Greek and German parliaments really vote through something that the IMF says is a load of tosh? Probably – lol
China down 10% over last two days, what you on about? :p
Granted, but still way off lows…
Gold shares update:
(can we have a precious metals thread?)
Just bought shares in Abzu Gold listed on Toronto Venture Exchange
they have interests in Ghana. Shares 0.03 to buy and were 10.00 back in the lofty days of 2011/2012. If they go back to those heights my tiny purchase today will be worth about £100,000.
My plan is to accumulate such shares bit by bit. Some may do nothing, some may go bust, but even if one rallies 333 times like this mustard theoretically could then it’s game on.
I read about a mustard that traded mining shares through cycles and made a killing. He was a bit stupid mind in that he alway held on too long and used too much leverage. He turned 20,000 into many millions in just a year or two only to give it up through bad fiscal management. This is why I am buying the shares outright and no leverage.
I know my targets based on dow gold ratio etc. eg dow gold ratio sub 2.0, ideally sub 1.0 = sell button.
Intraday CIT now 2092
2106 is the MUST HOLD resistance
Good news is the 78.6% held and Russell is negative
Plan your trade, trade your plan!
Lets see where we close, but if we close around here we can have a KTS at close
Plan your trade, trade your plan!
lol Euro is tanking.
SO make sense of that Euro going down because of Greece yet markets going up.
Jokers. I will have them later!
Plan your trade, trade your plan!
lol Euro is tanking. SO make sense of that Euro going down because of Greece yet markets going up. Jokers. I will have them later!
Bonds have been another canary in the coal mine. They started tanking early in anticipation of a greek deal and have done the opposite y’day and today.
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