The way I rekon this trade might pan out is that the FTSE might make a big upmove while the DOW consolidates. The diff now is over 5400 which has got to be close to a record?
there was a lot of big money shorting the markets from 95 right through to the top - and every time they got forced to cover those shorts - the market got another big kick higher
and when the bears gave up and went long with everyone else - thats when the market turned
never be bearish or bullish - just be a passenger on the train
Like CKB says, don't listen to other peoples opinions too much, especially 'professionals' such as Bloomy analysts. They just giving out the info they want you to believe and then waiting in the sidelines to take your money from ya!
Just had a look at your site and see that yesterdays position on the FTSE/Dow trade said that if the Dow dropped to 9631 and a difference of 5297, then we should stop and reverse the trade. Getting in at 5298 difference, this would mean a breakeven trade.
Was that your intention or does your system come up with that figure?
That was the minimum figure for yesterday, and yes if met would have meant a breakeven trade. Today maybe looking for Dow closures in the region 9690 ! That would produce a slight loss but that is a minimum and usually the minimums are well broken. The trades are still valid and may present a gift of an opportunity to those just watching !
BIGBOY HERE!
So we're all aon the dow to tank again!
This bastard index just does not want to drop! Its up more than 30 already for tomorow and the ftse/dow diff is more than 5400 again! Comments anyone?
Colin you could have got on the reverse just before Dow close with D4Free. It doesn't matter you should still be able to get on tomorrow. My FAQ pages explain the reversal process and any problems you might encounter.