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That is the 50% retrace for  the Dow and S&P. 

It's the opposite, I don't think I'm cut out for day trading.  I still would have been better off keeping a position open from Christmas, even now.  I zoomed out to the day chart and the overall pictu

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1 hour ago, HPbrand said:

If so, no chance.

The August lows of 2019 possibly,,,,The market has priced in near perfection for 2020 ....not sluggish/recessionary returns so it ll need to swing back to those values...Some of the worlds biggest economies are close to recession...Japan, Italy , S Korea , and now a slowing China.  #

As the Meerkats say...'Simple'.  

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20 minutes ago, AndrewS said:

The 20 period moving average on a 5 min, 15 min and hour chart has been a wonder to behold this week. 



In hindsight or at the time?

Yet again I find short time-frame trading very unprofitable.

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Zerohedge suggesting a large European fund initiated the sell off yesterday on the Frankfurt close which sparked US continuation. Ftse suffering and is down into clear space while Dax looking to hold at 13639 and S&P at 3348 though may test yesterday's low at 3336. Dow has a prior support level just below at 28892.

Monthly flash PMIs today which is the early call and so having the most impact and may well be affected by the virus concerns. Could be a very interesting day 🙂



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27 minutes ago, dmedin said:

I fell asleep at last and woke to this!


I woke up to the same #%&£. Placed a small hedge last night before sleep to counter my big loss and found a token of goodwill. Doesn't help much.

Let's see if the uptrend is in play today. I have noticed my recent calls have been correct a day ahead of time which is total nightmare. Could be put to good use though if true...

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Just follow the bond market ...Its telling its own tale.  

Inverted yield curves across most G 10 countries.  

Japan, Italy, EU block , China , S Korea, Indonesia, India  all these countries writing down growth.  

That does nt make for bullish equity markets...

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21 minutes ago, dmedin said:

've got no open positions but it appears to be shaping up into another buy the dip opportunity ...


Not getting stuffed on a Friday afternoon is one of my big personal ambitions, along with paying taxes and dying ! 

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5 minutes ago, cheviot said:

Not getting stuffed on a Friday afternoon is one of my big personal ambitions, along with paying taxes and dying ! 

Hoping Scotland does nt get stuffed vs Italy .....mmmm here s hoping. would nt take bets on it though, 

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