barjon
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the real thing can't open up here can it? ftse is -24 weak against dow since the close and I'm in a quandry. If I wait for the open tomorrow it's likely to be mayhem for a bit and difficult to get filled - on the other hand I want to be long ftse/short dow and if I do it tonight "real" ftse open might well kill me.
SuddenDeath
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Charles Biderman, and his "facebook liquidity vacuum" he uses sound methodology to read markets, the float,
also uses real time "payroll with holding" to know what the real labour market is doing rather than stalinist lies of Comrade Obamanski
Four legs good, two legs bad.
good night, until tomorrow.
or bustech , it might be good morning. bye
Dick Lexic
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no idea bj....you lost me.....but ideally another new high soon
Way I count it, I'd be looking for Wave 4 on 4hr or 2hr chart as it would be easier to spot there as a pullback 23-38%. Wave 3 is pretty clearly the powerful surge while I think Wave 1 was the chop. This is Elliot count within 4 hr count of this Wave 3 move (taken as a whole).
I was expecting a bear move on the 4hr chart before 5933 was reached (still pretty sure thereabouts will be the resistance level) but I suppose the trend could still continue powerfully over 4hrs and the 4th wave only begin at that price.
barjon
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sorry, DL, I lost myself too
Basically I can't see "real" ftse opening 70 up so it's likely that SB price will drop to reflect the "real" open and that's where I'd like to get in anticipating ftse to play catch up (or trade strong against the dow whether it does or not). So the plan is an early ftse long if that scenario plays out - hedged with a dow short if it goes wrong in anticipation of ftse trading relatively strong vs dow to compensate for this evening's relative weakness.
dc2000
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"TIME TO LIQUIDATE AND RETIRE" thats what Im hearing
The 10 minute looks like it is drawing a 'flat' to go with the 'sharp'.
I call that a zig-zag rather than a Wave 2 as it only retraces 38% from trend origin, as I require Wave 1s to retrace at least 61% for a Wave 2. So I think Wave 1 began (10 minute chart) 15:40-15:50 on 12/09/12.
What we have in the impulse Wave 3 are 2 zig-zags. Multiple zig-zags can occur if the best Elliot wave resolution is on a higher timechart.
I call that a zig-zag rather than a Wave 2 as it only retraces 38% from trend origin, as I require Wave 1s to retrace at least 61% for a Wave 2. So I think Wave 1 began (10 minute chart) 15:40-15:50 on 12/09/12.
What we have in the impulse Wave 3 are 2 zig-zags. Multiple zig-zags can occur if the best Elliot wave resolution is on a higher timechart.
dc2000
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sorry, DL, I lost myself too
Basically I can't see "real" ftse opening 70 up so it's likely that SB price will drop to reflect the "real" open and that's where I'd like to get in anticipating ftse to play catch up (or trade strong against the dow whether it does or not). So the plan is an early ftse long if that scenario plays out - hedged with a dow short if it goes wrong in anticipation of ftse trading relatively strong vs dow to compensate for this evening's relative weakness.
the FTSE only needs to print 5840 in market and were probably going to open around that early double or tripple bounce 820 to 840s area then a short position before 1pm and holding through monday but thats just my thoughts
Dick Lexic
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jungerns
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Hell he lost me weeks ago !! Far too Technical for me but if he's pulling points than objective met.......
Have shorted the Cac few minutes prior to close at 3548.......
Wide stop and looking for Gap down.......
barjon
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And it's a brave man to knock your thinking, DC
If the pair is in play FTSE can sink like the Titanic for all I care as long as DOW plumbs even greater depths - that's the advantage of the pair. Don't have worry about direction.Morning All
BHP +1.8%
RIO + 2.8%
All Asian markets up.
China and Japan not happy with the FEDs policy.
The Fed's QE3: how does it work and what are the risks? | Reuters
Going to apply for loan from the FED, so I can buy some more shares.
60 to go.
BHP +1.8%
RIO + 2.8%
All Asian markets up.
China and Japan not happy with the FEDs policy.
The Fed's QE3: how does it work and what are the risks? | Reuters
Going to apply for loan from the FED, so I can buy some more shares.
60 to go.
Morning Samirs
Will be hard to go long from the open.
Also scared to go short at the moment.
Might look at photos instead.
China smashes bikini parade records Local Gold Coast News | goldcoast.com.au | Gold Coast, Queensland, Australia
jungerns
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Bad call.........!!
jungerns
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Will be hard to go long from the open.
Also scared to go short at the moment.
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Very true........These are big highs indeed and just how high will they go........??
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Markets should settle after the Hong Kong close - 9am UK time
SuddenDeath
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morning Bustech and samirs, jungerns
SuddenDeath
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FTSE is exactly where the dow futures imply it should be
