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We have many events this week amongst which
are BoE & EcB rate decisions and NFP.Based on the friday action we should know fairly
soon into monday, which way the wind blows and
it could be cold or hot 🙂Never give up, never surrender.
Atm we have a lot of vested interest keeping this bull run
alive into EOY for bonus payouts etc. Therefore it would
need quite a shock to prevent a ‘h’ Dec options expiry
and the Santa rally, imho.I plan to wait until 2014 before trading in size and it
would best suit me to short a decent top, fwiw.For now I keep my hand in with small trades in Cable.
Never give up, never surrender.
There hasn’t been much of a bull run to keep alive in the ftse over the last month!
Finger crossed we are seeing an exhaustion low this morning, since as an investor mostly in the London market, i feel a bit shortchanged… 🙁
Several European indices not keeping up.
Italy is down 1.5% today and Spain never regained 10k after hitting it some time ago….
Well we should take care here incase the bull comes
back into play again on tuesday for a run up into
the BoE – EcB – NFP on the thur / fri. This could
play for stocks and $ FX pairs, imho.Hence I will be taking out insurance re Cable a bit
later today, fwiw.Never give up, never surrender.
Thanks you CImac. Sorry I have been off this side last few days with a mega mustard FLU. Nasty piece of work this one and cannot shake it off.
Just hit the brandy hoping that will kill the bacteria lol.
I have just shorted 1808.50 as I am expecting a good -10/-13 day very soon.
Here is Merlin for the week who seems to indice that I will go out by that much first and then it comes down
Today just seems typical WNER.
Plan your trade, trade your plan!
Well we should take care here incase the bull comes
back into play again on tuesday for a run up into
the BoE – EcB – NFP on the thur / fri. This could
play for stocks and $ FX pairs, imho. Hence I will be taking out insurance re Cable a bit
later today, fwiw.Agree NFP’s then crooks quad dec oe and then xmas rally and then new year rally lol
Plan your trade, trade your plan!
I was away for the weekend so closed all positions on friday, was there any particular reason for the drive into the early close, i.e. a catalyst other than profit taking ? Just curious.
Other than I was itching to short into close but was too scared to in view of WNER, I saw no real reason for the fall.
My basis was purely expecting that gap to fill.
Plan your trade, trade your plan!
cheers. 1809 was a real battle today watching it. Interesting closing levels across the nas and s&p again and the dow transports…. positive… go figure !
I don’t watch gold closely but it is interesting at this level too (or the low its about to get close to) I wonder if it will do a technical boing tomorrow.
cheers. 1809 was a real battle today watching it. Interesting closing levels across the nas and s&p again and the dow transports…. positive… go figure !
Indeed that has been the level in play last week too.
Lets see if we can get a -10/-13 day soon.
Plan your trade, trade your plan!
Lets see if we can get a -10/-13 day soon.
That might be difficult while the transports are diverging, need transports to confirm for a really good down day. Still don’t think the final top is in yet though. 1820 ish, maybe more and may still take some time to get there.
ASX 200 @ Mon 2 Dec 13
From the September 27th post: “The May/June sell-off counts well as wave-4, altering the target range to 5315 – 5480 (red horizontals).”
See the DAILY and WEEKLY charts. Today’s breach of the potential 1st wave low at 5284 (green horizontal) suggests this down leg could bottom around 5050, near apparent support from the key moving averages (gold 200dsma and magenta 65wema).
That could turn out to be another higher-low, or it could be just A of a larger 3-wave correction. Time will tell.
A breach of the 4th wave low at 4632 (magenta horizontal) would promote the view that a 5-wave rally from August 2011 topped on October 28th at 5395.
To date the rally from March 2009 has retraced a Fibonacci 62.6% of the sell-off from the 2007 all-time-high.
Good to hear you beat the flu ‘K’.
I took action lastnight and closed my two Cable
shorts for a combined b/e.Opened again at 1.6383 but this is a guard only
against a surprise drop as I expect we will go
into 1.64’s or more before this tops out.Never give up, never surrender.
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