Jump to content

Recommended Posts

We must not get too complacent. Although sub 27000 looks likely, a quick rebounce beforehand by the stop grabbers is always in play.

Share this post


Link to post
On 24/02/2020 at 13:12, Caseynotes said:

yeah, 277 then 274.

weekly chart;

image.thumb.png.ed82ecc005388842b1112b91f398517b.png

image.thumb.png.1a1a23c9d9510c9bd28a0a18a5d75935.png

Share this post


Link to post
31 minutes ago, HPbrand said:

We must not get too complacent. Although sub 27000 looks likely, a quick rebounce beforehand by the stop grabbers is always in play.

Yes ...

It'll bounce before long ...

Share this post


Link to post

I predict that my 3400 U.S. 500 September call will break even :D

Share this post


Link to post

Treasuries and gold stopped dead. This all about DJ 200 day ma  at 27540 (close above ?)  and long rum trend line holding....Now net long so market bound to collapse ! 

Share this post


Link to post
13 minutes ago, dmedin said:

I predict that my 3400 U.S. 500 September call will break even :D

Now s the time to buy it ....on the swing 

Share this post


Link to post
18 minutes ago, cheviot said:

Now s the time to buy it ....on the swing 

Yes it probably wasn't a great idea at that time.

Share this post


Link to post

Who is still short? I closed my short positions for the day and see what happens tomorrow. Better to be safe than trapped.

  • Like 1

Share this post


Link to post

This is full-on panic stations ... ?  Don't see a V bounce off this one this time, will take time to rebuild?

Edited by dmedin
  • Like 1

Share this post


Link to post

I make out the 200 day moving average to be around 27315.

  • Like 1

Share this post


Link to post
3 minutes ago, AndrewS said:

I make out the 200 day moving average to be around 27315.

Funny how there was a Reuters article just a few days ago saying that people were unhappy that the indices were too far from their 200 day SMA.  ...

Edited by dmedin

Share this post


Link to post
4 minutes ago, dmedin said:

This is full-on panic stations ... ?  Don't see a V bounce off this one this time, will take time to rebuild?

Probably a while.... but very short term retracements are likely though. Maybe I am quite right on this one (after two big losses).

  • Like 1

Share this post


Link to post
5 minutes ago, AndrewS said:

I make out the 200 day moving average to be around 27315.

I think it will go sub 27000, maybe test 26800 this week. Tomorrow will tell us more.

Share this post


Link to post

If the S&P 500 doesn't recover at 3100 then the zombie apocalypse really is nigh!

1747492372_US500_20200225_19_07.thumb.png.612ffc85a3ae56ca048b43196055d9f7.png

Share this post


Link to post

100% retrace of the entire move up from October?  That would be insane.

1093743183_WallStreet_20200225_19_10.thumb.png.4d7ccf90fa22c815a8860500d94b1ae3.png

Share this post


Link to post

T Bond getting sold off  ( higher yields )....I think that will bounce the equity markets up.....Been short forever and took it all back too##### early,  now net long as i recon we ve done the full retrace....To the exit of the DJ wedge.....Hit it and is bouncing now....635556510_WallStreet_20200225_19_59.png.3216d862bb6e15d5cd54fc3c716dc911.png

Share this post


Link to post
8 minutes ago, cheviot said:

T Bond getting sold off  ( higher yields )....I think that will bounce the equity markets up.....Been short forever and took it all back too##### early,  now net long as i recon we ve done the full retrace....To the exit of the DJ wedge.....Hit it and is bouncing now....635556510_WallStreet_20200225_19_59.png.3216d862bb6e15d5cd54fc3c716dc911.png

 

Are you saying that you've gone long on DJIA?

Now is not the time to do that :D

Edited by dmedin

Share this post


Link to post
48 minutes ago, dmedin said:

It's a bloodbath out there ...

 

True   very true  .....Yes I mnow a fully fledged bull ....do God help you .... I asked my dogs and they said buy it....And they are much better at this game than me 

Edited by cheviot
  • Great! 1

Share this post


Link to post
14 minutes ago, cheviot said:

True   very true  .....Yes I mnow a fully fledged bull ....do God help you .... I asked my dogs and they said buy it....And they are much better at this game than me 

The markets need time to readjust and adapt to the prospect of a coming Bernie Sanders presidency. 

The rich will throw all their toys out the pram in the beginning but in the long run the majority will be better off ;)

Share this post


Link to post

I think shorting today is a good bet. I have a target of ~ Dow 26900-26700. Just checked the Sentiment Index - there are too many longs.

Share this post


Link to post

Dax, Dow and Ftse all trying to keep in touch with their respective monthly chart (recently beaten) resistance levels (purple). S&P seeking support around 3130.

image.thumb.png.a40bbb017f9bc7d36509bf625c883c95.png

image.thumb.png.880f05ecfbeb2a052a0af6b6b33b2530.png

  • Like 2

Share this post


Link to post

Dow trips down to tag S1 Dax follows through towards S2 but both now on the bounce.

image.thumb.png.898916a825172f1c8eedb95b1609d556.png

Share this post


Link to post
17 minutes ago, Caseynotes said:

both now on the bounce.

Or maybe not ...

Share this post


Link to post
1 minute ago, dmedin said:

Or maybe not ...

definitely a bounce but to where? Dow held up at yesterday's low 26997 (blue, see chart above).

Share this post


Link to post
5 minutes ago, Caseynotes said:

definitely a bounce

DJIA looks like it'll break the S3 monthly pivot soon 😮

 

Share this post


Link to post

Well this bounce is painful. My fool-proof plan of scaling into a short FTSE trade is....... not fool proof.

  • Like 1

Share this post


Link to post
6 minutes ago, Bopperz said:

Well this bounce is painful. My fool-proof plan of scaling into a short FTSE trade is....... not fool proof.

FWIW I've had the same problem, and I suspect many others have - 68% of all clients lose money and all that.

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Member Statistics

    • Total Topics
      8,854
    • Total Posts
      48,557
    • Total Members
      61,450
    Newest Member
    matty_moomba
    Joined 31/03/20 01:47
  • Posts

    • Dow's moving up this week  But it's got a long way to go before we see the highs we were earlier this year.  Was 22nd March the turning point for the bear?
    • Can anyone help me understand how the account value is calculated? For example on the below... I didn't pay £4,903.90 for the positions        
    • Hello friends, I have my account with IG to trade forex and now I was looking to buy some shares (American). Should I add ISA account OR Share dealing account ? what's the difference. IG Support team left this company on its own, NO answer from them, email/phone. Thanks,
×
×