Wallstreet1928 Analysis & live calls on FTSE,DAX,S&P...aimed to help New traders
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Bloodhound
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US Open?
If it stays within this descending triangle it'll probably reach about 3525-30 and then fall again.
Bloodhound
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Hi Martin,
I completely agree re that trendline - it has proved very strong, but it finally looks a little weaker in the US although the FTSE is still stuck. I'm not one for calling reversals but I think this adds a lot of weight to a potential correction. I am long FTSE and S&P but will feel a lot happier when we see the other side of 700 and 3600....
Rob
PokerBrat
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Yes, both the Dow and FTSE have bumped there heads on the descending trendline, and we have round number syndrome on the Dow at 6700. We also have resistance at 6750, which is Friday's high.
The trouble with any rally in a bear market is that there will be plenty of resistance levels above to break through.
The trouble with any rally in a bear market is that there will be plenty of resistance levels above to break through.
wallstreet1928
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finally out of that meeting, I was dying to get out and see what the market was trading at
closed all 4 contracts for a nice beautiful profit @ 3522......200 MA
our catalyst the financials are letting us down....
I have hit my daily target and will now sit back and help anyone who requires it
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wallstreet1928
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wallstreet1928
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long 3527..........stop loss 3500...........
quick scalp 10-20 points!!
quick scalp 10-20 points!!
PokerBrat
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How's that working out for you?
wallstreet1928
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round of applause guys , GOLD break out of its channel as mentioned earlier........
All the jigsaw puzzles are coming together
VIX is falling too
financials are showing sligt glimmer of hope that they may be picking up
oil at 47 ..........oil stocks rallying!!
I think we are getting our 2 catalysts......
All the jigsaw puzzles are coming together
VIX is falling too
financials are showing sligt glimmer of hope that they may be picking up
oil at 47 ..........oil stocks rallying!!
I think we are getting our 2 catalysts......
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wallstreet1928
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I have gone long S&P
682........stop loss 677.......
target 690!!
682........stop loss 677.......
target 690!!
wallstreet1928
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I don't quiet understand what you mean my friend........
I think i have explained this before and i don't like mentioning money but here goes again...final time to all my fellow friends!!!
my daily profit target is £200 a day and you work out the mathematics how much it is a week and month minus the bad trades .........plus the exceptional good days and the exceptional bad days!!
Yeah Rob, that trendline is still holding and even with all the little breaks above, the market does not seem to be able to get a 5 minute candle to close above. I do think it looks a matter of time this afternoon before it gets taken out and then the move will probably be quite strong.
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