dc2000
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LOL every things hunky dorry my friend
as for your FTSE short easy as
FTSE producing new monthly target low on monday and the 5089 set in stone which would currently be about half way there
LOL every things hunky dorry my friend
as for your FTSE short easy as
FTSE producing new monthly target low on monday and the 5089 set in stone which would currently be about half way there
dc2000
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wont fall that far this time
but if your looking for 1000 off the FTSE then no problem we are in it FTSE monday gave target 4659
It does look very similar. The fear would be a massive news event ( ECB creating a 2 trillion bond purchase scheme etc )
Personally I can't see why we have not gone down already.
Anyway - my concern is how irrational the market reacts to news from the politicos and that could mean a rapid rally of 700 points.
Just my views and I am an amateur so they could be ignorant
f
Hey John, good spot on the chart. They look very similar pattern wise.
I would love a down turn to make some money but I would be happy with the FTSE back down to test this year’s low and then rally through to April.
As I have mentioned before a guy I know who runs a Wealth Management company has got 2700 target for FTSE next year. That’s scary, but he knows way more than me. But only one mans argument.
This is my ‘GUESS’ at what will happen in the short term. Italian yields get to a point when they don’t return below 7 % yield. Spain may also join them, but France I think is safe. Germany will have to face facts and let the ECB go as far as needed.
Further than that I have no idea. But that should be enough to test the lows.
Whats your views?
Mark
DaddyJohn
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Do you use Taylor cycles on monthly, weekly targets?
DaddyJohn
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Does your thinking have an entry point at the moment? Allowing for say 100 point stop?
I guess its waiting for the Spanish bond auction results in a few minutes. The yields will still be high. The ECB will still be buying them. So what will happen with equities? Just have to wait and see if a trend appears with any volume increase. I have sat on my hands for most of this am session so far.
DaddyJohn
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the big one is the french results -- out any minute !!
dc2000
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yes but the monthly ones go 4 weekly rather than calendar month
dc2000
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Hi DJ missed this post it would have been at the 5490s my first area to take profit would be 5398 which should come before US open 2nd one would be 4272 which should come after US open
The FTSE only needs to produce low today and rest tomorrow the DOW needs to produce a new low today and tomorrow this would have effect of pushing buy day for FTSE into monday
SuddenDeath
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Nationwide's consumer confidence index dropped to 36 from 45 in September, the lowest since the survey began in May 2004.
"A wave of disappointing economic news at home and ongoing uncertainty surrounding the Euro crisis have dealt a heavy blow to sentiment," said Nationwide's chief economist Robert Gardner.
The survey showed that consumers had become even more cautious about spending. "Nearly half of consumers viewed it as a bad time to make a major purchase in October, compared to a quarter who viewed it as a good time to buy," Gardner said.
The findings bode ill for retailers' business during the crucial Christmas shopping period.
http://www.telegraph.co.uk/finance/economics/8895596/UK-consumer-confidence-hits-record-low.html
"A wave of disappointing economic news at home and ongoing uncertainty surrounding the Euro crisis have dealt a heavy blow to sentiment," said Nationwide's chief economist Robert Gardner.
The survey showed that consumers had become even more cautious about spending. "Nearly half of consumers viewed it as a bad time to make a major purchase in October, compared to a quarter who viewed it as a good time to buy," Gardner said.
The findings bode ill for retailers' business during the crucial Christmas shopping period.
http://www.telegraph.co.uk/finance/economics/8895596/UK-consumer-confidence-hits-record-low.html
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dc2000
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I would agree certainly 143 on the cards and 153 going forward into next March
DaddyJohn
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Cheers DC... I was short at 5450.. just exited at 5423.. just above buy day low ES is already below the buy day low..
was a bit late getting to my desk this morning .. after too many beers last night.
DaddyJohn
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DC.. are you sure you meant 4272?? today??!!
DaddyJohn
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I know I ask you a lot of questions DC..😕 and you must be getting real tired of me right now 🙁 but being the inquisitive type I find it hard to accept conclusions without understanding the logic to get to said conclusion:?:
I know Monday was a buy day with high made first in a downward pattern... BUT pray tell me old mucker... how the %%$$** did Monday point you to 4659?? I am sure you are right... but.... nuff said😱
dc2000
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yup today but that includes after hours up to 9pm tonight
