dc2000
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I remember looking at chart after you posted and thought how on earth do you find 30 trades having said that have been watching DOW this evening on a one min chart and each hour was the same as doing weekly patterns and targets all in a single day
DaddyJohn
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we feel were gonna make higher highs all week... it will keep popping down to make it look like it is crapping out, but then they will buy it all back up
DaddyJohn
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what say you dj
I say it was one hell of a spoof, one of the best I have seen... but not good enough to fool the T2W boys eh? some nice trading going on - dont you think.
Dick Lexic
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spiffing :clap:
DaddyJohn
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Ok chaps I am sticking my neck out here, but I am going to make a prediction... I think that Thursday, Friday - they make it look really weak leading into NFP... we then get a really good number and they take it up to the top floor. Please dont trade this .. I do not have a crystal ball... but I can feel it in the water.. if you know what I mean
DaddyJohn
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so what shall we say? early print lower followed by buying into noon, sell down inot USA session and then back up
dc2000
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but you do have a crystal ball and who cares about Friday my guess you will have taken money off table before NFP
dc2000
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for the FTSE my preference is to hit the 5096 early then fall
for the DOW you know I said the 2nd day can be stronger move right now we are on a three pattern which will allow an exit prior to NFP
DaddyJohn
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I was quite pleased with my thoughts on potential levels yesterday, so I am going to have another go today.... These are for ftse futures...
We need 4952 to 4988 to hold today to see a move up to 5040, once through this price then we should see 5084 to 5100... Based on typical ranges then this should be the high for the day..if it breaks through this then 5150 is in sight and in my view would be a very strong signal of a change in trend.. But if it gets here expect strong profit taking..a move back down through 4952 puts 4900 and 4839 back in play..below this are the august lows. I think the opening price action is key to watch when we will get the high of 5084/100,, it maybe we get this first and then see a drift down for the rest of the day... I would like to see a test of 4952 and then a push up...but let's see if they make it that easy.
We need 4952 to 4988 to hold today to see a move up to 5040, once through this price then we should see 5084 to 5100... Based on typical ranges then this should be the high for the day..if it breaks through this then 5150 is in sight and in my view would be a very strong signal of a change in trend.. But if it gets here expect strong profit taking..a move back down through 4952 puts 4900 and 4839 back in play..below this are the august lows. I think the opening price action is key to watch when we will get the high of 5084/100,, it maybe we get this first and then see a drift down for the rest of the day... I would like to see a test of 4952 and then a push up...but let's see if they make it that easy.
I am waiting to see if we keep going up this morning in spite of very bad news last night with a downgrade of Italy from Moodys. Now if this market ignores that news, then it is very clear to me that yesterdays drop and rebound were engineered. It dropped on no news to new lows. So if it rises on bad news then I can only assume there are bigger forces involved.
The Italian debt downgrade is very bad as Italy are too big an economy for the ECB/EMF to bail out. Last weeks Italian bond auction that resulted in yields above 5% for their 10yr bond, was just a sign that this is going to get worse before it gets better.
The Italian debt downgrade is very bad as Italy are too big an economy for the ECB/EMF to bail out. Last weeks Italian bond auction that resulted in yields above 5% for their 10yr bond, was just a sign that this is going to get worse before it gets better.
DaddyJohn
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very good point Martin.. of course the market will be relying on traders going short still, so may exploit this
Dick Lexic
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wk bar fib 5043
Dick Lexic
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Dick Lexic
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i've got an unfulfilled signal at 4830 hope it stays that way
