P
postman
Short Dow 937
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postman
P
postman
Dow down 80 up 100 on no volume.
Where now, its anyone's guess, down 150 maybe but more likely remorselessly UP.
Where now, its anyone's guess, down 150 maybe but more likely remorselessly UP.
P
postman
I cant miss this opportunity.
Short Dow 17001
Short Dow 17001
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postman
psaTrading
Experienced member
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The leading World Index SP500 fell today confirming the strong bearish pattern from last week.
FTSE100 and Dax30 also declined mainly after the opening of the american session.
Gladly my short target in Dax was reached today (9536.5).
FTSE100 and Dax30 also declined mainly after the opening of the american session.
Gladly my short target in Dax was reached today (9536.5).
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postman
Watching the Dow is like watching professional wrestling, its a pantomime of preposterously unrealistic moves. And they're still playing it out even though the audience stopped coming years ago.
P
postman
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postman
You never know I might get 5 points from it (if I use a 250 point stop).
Well I've locked in my 5 points lets see how far it goes.
P
postman
Could anyone imagine the Dow closing UP on bad news?
:whistling
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12WBT
Morning All
China holds the gains.
Maybe this is the real deal this time, trading on about 10 times earnings.
ASX and HK still strong.
Strong bounce back by the DAX, might still be some legs in it.
9710/20 retrace before a move lower, 9685 area could be a problem area.
9400 still looks the go in the coming days for me. IMO
China holds the gains.
Maybe this is the real deal this time, trading on about 10 times earnings.
ASX and HK still strong.
Strong bounce back by the DAX, might still be some legs in it.
9710/20 retrace before a move lower, 9685 area could be a problem area.
9400 still looks the go in the coming days for me. IMO
P
postman
I can see Nikkei powering ahead and Hang seng is off already, but I'd like to know why you think Dax is going down. is it fundamental, technical, fear, all three (they are reasons enough) what is you opinion?
I dont know, I'm just trading what I see but it might help to work out where a reversal could occur (if it already hasnt).
also today looking at more bearish trade on SP500The leading World Index SP500 fell today confirming the strong bearish pattern from last week.
FTSE100 and Dax30 also declined mainly after the opening of the american session.
Gladly my short target in Dax was reached today (9536.5).
Chalky_trader
Well-known member
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Today's market very jumpy ATM,
I think i will leave alone unless breaks 30 up or 90 down
I think i will leave alone unless breaks 30 up or 90 down
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12WBT
Hi Postie
Could give me an easy question, a,b,c.d multiple choice would be good.
Number1 it's an opinion of mine.
Just a couple of reasons.
Break of 9,600 is key opens 9,400 only from previous moves this year.
Also looking for a US correction on share valuation which could drag the DAX with it. DAX turned down first so good chance it could turn back up first.
Most of my income comes from day to day intrusion.
But nice to catch a big move bonus now and again.
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postman
A bit of technical and fundamental then.
If only the US would give just a little back, cant see it happening though. Remember the story when Clinton left the White house and the staff took all the 'W' keys off the keyboard. I think Bernanke took all the 'Sell' buttons off the traders terminals when he left.
Stargunner
Active member
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Short on CAC40 4355. Considering all the issues in Europe, there's no way that mad bullishness last week will hold up. Plus it screams for a short based upon my technical strategy (triple screen).
counter_violent
Legendary member
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US price action yesterday displayed a bottoming type turn around signal. Expect more sideways fluctuations across the board today before another move north. Maybe today or tomo. All my main trades will be buy the dips, but will hedge out any temporary drawdown.
Stargunner
Active member
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Trading US markets right now is simple. BTFD. Never call a top on the Dow/S&P, especially when it's in 'distribution'.
1
12WBT
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