Looks now like it was a false break on S&P and after hours the price did recover.
quote now 85/89
That is not strong enough to reverse the late signal.
However there maybe a 'triangle' on S&P coming to an apex soon
so we should get a break there before long.
I can count a/b/c and d may be in progress.
If the pattern completes,it will finish with e and then move up having completed the correction.
If the pattern does not complete, we will have a platypus to deal with.
Watch the apex which may come on Monday.
quote now 85/89
That is not strong enough to reverse the late signal.
However there maybe a 'triangle' on S&P coming to an apex soon
so we should get a break there before long.
I can count a/b/c and d may be in progress.
If the pattern completes,it will finish with e and then move up having completed the correction.
If the pattern does not complete, we will have a platypus to deal with.
Watch the apex which may come on Monday.
barjon
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inside day - ignore 
A gambler's lament
Well I got as bored as hell
so I took a punt on Shell
the base it looked secure(ish)
and the volume nicely high(ish)
but what I didn't spot
('cos I didn't look a lot)
was NEWS due out today
more problems on the way?
Volume high, but little move
means sellers do still rove
and with the news so near
I wonder who they were
So there was a warning bell
You can't be sure of Shell
O Lord deliver me from my impulses and lead me on the path of
righteous discipline in observance of the lessons thou hast
bestowed upon me since childhood. Focus mine eyes only on the
commandments I have chipped out in stone upon the hill of trade.
Forgive my sins and I will cry unto the heavens 'til all those who
doubt obey their flippin' rules.
A gambler's lament
Well I got as bored as hell
so I took a punt on Shell
the base it looked secure(ish)
and the volume nicely high(ish)
but what I didn't spot
('cos I didn't look a lot)
was NEWS due out today
more problems on the way?
Volume high, but little move
means sellers do still rove
and with the news so near
I wonder who they were
So there was a warning bell
You can't be sure of Shell
O Lord deliver me from my impulses and lead me on the path of
righteous discipline in observance of the lessons thou hast
bestowed upon me since childhood. Focus mine eyes only on the
commandments I have chipped out in stone upon the hill of trade.
Forgive my sins and I will cry unto the heavens 'til all those who
doubt obey their flippin' rules.
morning
first impressions ?
opening is stronger than expected. Peeking above the top line at the moment.
usual plethora of possibilities exist but watch out for a failure below wednesday's high.(Index may opening it's shoulders for a steep fall)
on the upside ?
my rsi is now back to 50 so a swing failure is always possible.
Needs to break above bottom line , now around wednesdays high.
have a nice day.
first impressions ?
opening is stronger than expected. Peeking above the top line at the moment.
usual plethora of possibilities exist but watch out for a failure below wednesday's high.(Index may opening it's shoulders for a steep fall)
on the upside ?
my rsi is now back to 50 so a swing failure is always possible.
Needs to break above bottom line , now around wednesdays high.
have a nice day.
if we fill the gap and head towards the lower line on my chart,
as Bonsai said there is a potential right shoulder being formed which would take us to the low or still the lower trendline but on a line chart will give us a higher low but slightly lower than yesterdays low....(if that makes sense:-()
as Bonsai said there is a potential right shoulder being formed which would take us to the low or still the lower trendline but on a line chart will give us a higher low but slightly lower than yesterdays low....(if that makes sense:-()
FetteredChinos
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morning all, as long as we stay north of 4391 im bullish im afraid. still, someone has to take the other side of your short positions lol..
im STILL in my long from monday. this week has been a right snore.
looking for a high today of 4438 to trigger a short. unlikely at the moment!!!
to cap it all, im all sore after we got whipped at 5-a-side footie last night. wrong end of a 6-1 spannering. oh dear
lets hope the FTSE can cheer me up today?
FC
im STILL in my long from monday. this week has been a right snore.
looking for a high today of 4438 to trigger a short. unlikely at the moment!!!
to cap it all, im all sore after we got whipped at 5-a-side footie last night. wrong end of a 6-1 spannering. oh dear
lets hope the FTSE can cheer me up today?
FC
FetteredChinos
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Hooya, maybe we should have a sweepstake on when you are going to start scaling in? im going for 10.34am....
looks like another stab at 4400
looks like another stab at 4400
FetteredChinos
Veteren member
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lol Bonsai,morning! this is what made it worse.. one of my mates volunteered to go in goal for the first half and he was dire, essentially gifting them two goals by half time. So yours truly donned the gloves to disastrous effect. The post-match pint didnt alleviate the frustration.
still, its going to be another season of mid-table anonymity.
a bit like my trading. :cheesy:
out of interest Bonsai, what is your position currently?
and please dont say in front of your laptop lol
still, its going to be another season of mid-table anonymity.
a bit like my trading. :cheesy:
out of interest Bonsai, what is your position currently?
and please dont say in front of your laptop lol
speaking of bets..did you hear about the two bets on the Man Citty game the other night. One guy bet £100 at 250-1 when they were 3-0 down to win.....won £25k....and there was also a guy who but £25k on Spurs to win (not sure at what point in the game) at 1-25......ooops