Nice one breadman, you beat me by 10 points, not a bad couple of minutes work I say
Exact entry was 1210. Half taken at 1237 which was first resistance and also happened to be the high of the day (almost) lol.
Stop on remaining half at 1201 which was where it was when I originally entered.
Hi FW,
see you lurking there - hows things ?
i am looking for a bottom this week maybe today, the bulls are trying to get back above 11080 which is a important area. I will be buying if we go lower for a swing trade to be held for a good few weeks.
hhhmmm..... Im not too sure which way to go from here, part of me feels that the July lows of 10800 will be tested before we go up again
Well done, 1237 was the place to be indeed. Textbook short there... but didn't you advocate holding on to that long?
could be nearing a short-term bottom, although there are similar technical & fundamental similarities between now and oct87, time will tell.....
6% fall in Asian markets. Not a good sign.
I wouldn't like to call bottom in this market. Go with the trend. We have clear direction now. We may have a bounce but trend is down.
I reckon a rate cutis on the cards.
I reckon 10500 is a real possibility with bottoms maybe around 10,000.
Are there any good signs?
Agree about the 10,000, but whatever the Fed does (or doesn't!), there will probably be some serious spikiness today.
The mortgage brokers who sold all those DUD mortgages should be fined heavily for lack of care and attention imho
Anyone here still think this market is gonna hit 12500 by xmas??