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FTSE MODEL UPDATE ( APPROACHING THE TOP OF THE RANGE)


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For anyone paying attention over the last few days, if you recall I stated that the FTSE had a better risk reward on the 21-04-21 here 

     I updated the model today here and it looks like we are right at the top of the vol adjusted range. I took a 22 day rolling average and plunged in a 1 standard dev  I repeated the same calculation on a 5 day rolling avg( Upper and lower bound are respective standard devs) and it appears to be edging very close to it. I would not be buying up here. This is where I would collect some profits. Reflation and recovery are still I play BUT,  let's not get too greedy. Hopefully we get a decent pullback to add some more.

1003396496_Screenshot2021-04-27at23_15_38.thumb.png.801ef0cba4c906d491fa52efa92708e2.png

674272585_Screenshot2021-04-27at23_06_48.png.cc1479cbc4f13257c4189edd6974bd3c.png

Take Care .

CA

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On 27/04/2021 at 22:25, Rintel said:

 

For anyone paying attention over the last few days, if you recall I stated that the FTSE had a better risk reward on the 21-04-21 here 

     I updated the model today here and it looks like we are right at the top of the vol adjusted range. I took a 22 day rolling average and plunged in a 1 standard dev  I repeated the same calculation on a 5 day rolling avg( Upper and lower bound are respective standard devs) and it appears to be edging very close to it. I would not be buying up here. This is where I would collect some profits. Reflation and recovery are still I play BUT,  let's not get too greedy. Hopefully we get a decent pullback to add some more.

1003396496_Screenshot2021-04-27at23_15_38.thumb.png.801ef0cba4c906d491fa52efa92708e2.png

674272585_Screenshot2021-04-27at23_06_48.png.cc1479cbc4f13257c4189edd6974bd3c.png

Take Care .

CA

 

On 27/04/2021 at 22:25, Rintel said:

     I updated the model today here and it looks like we are right at the top of the vol adjusted range. I took a 22 day rolling average and plunged in a 1 standard dev  I repeated the same calculation on a 5 day rolling avg( Upper and lower bound are respective standard devs) and it appears to be edging very close to it. I would not be buying up here. This is where I would collect some profits

https://www.google.co.uk/amp/s/www.telegraph.co.uk/business/2021/05/04/markets-live-latest-coronavirus-news-pound-euro-ftse-100/amp/

They called it a “ Flash Crash”

I call it the math.  I recall warning that those levels were not a good risk reward play. 

Don't chase guys. There are always many opportunities. 

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