Re: Wallstreet1928 Analysis & live calls on FTSE,DAX,S&P...aimed to help New traders
my trades were posted aswell so we both got a shed load
as for the armagedon 2 bit,so your discounting the bullish sentiment and all fundamentals and even my target of 11898
bullish sentiment and fundamentals??? are you sure you are studying the same markets as we are ?
“Fears of a hard landing in China have once again intensified. While our base case remains a soft landing led mainly by an investment slowdown, we see increasing downside risk from the situation in Europe and at home,” Barclays Capital economists led by Yiping Huang wrote in a report earlier this week.
Can you please explain and clarify your arguments for the market to move higher based on misconceived bullish fundamentals ???
Copper has been crushed = bearish fundamentals , hence lower due to global growth concerns
dow transports index = weak ........barometer of growth is under pressure and not leading market higher
Oil remains under pressure - if projection of strong growth going forward then oil would be > $100 by now as it discounts into future
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I know you have been arguing for the bullish scenario ever since FTSE 100 was @ 5400 and 5500(please scroll back on this blog and this chap was stating there was value in the market and that he was going long and he expected the market to go higher. I argued to the contrary and explained my reasoning with technicals and fundamentals. The market subsequently rolled over and sold off very hard and hit all my downside projected targets........hence this chaps anger and frustration on a daily basis. His EGO can't accept that I was correct in my analysis. It's ok to be wrong , I am wrong now and again too but I just move on and accept it as a lesson to keep my EGO at bay).
It is hard to see the market go down as a swing trader , but its better to take a loss and then revise your opinion rather than sticking to it and sustaining heavy losses. The heavy losses on your account have led you to take the anger out on me , hence constantly pestering me on a daily basis. Its ok buddy , I am here to help anyway I can.......
I suggest you keep reading my analysis and remain on my blog as I will continue teaching people how I analyse the market and it may help your trading.
That is why I prefer to be a day trader ......in and out with 50+ a day.
One can enjoy life much better as this market is like a Zoo at present...