Kodiak
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Posts posted by Kodiak
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Click on wrench > Trading options > Quick access interface
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Dow 2020, 1987,1929
I suppose 99% expect a retest of the low or a new low and thinking of buy the low?
so probably grinding higher and take out some shorts? a new leg up? (if a three wave bear market rally we have done a and b and now c?)
So my "guess" more upside and suck in some longs before the next leg down?
And then we maybe get a retest of the low and se how much ETFs FED will buy?
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"The Fed is going to buy ETFs. What does it mean?"
". Among other steps, the Fed said it would buy exchange-traded funds that track the corporate bond market, a first for the U.S. central bank."
"“All of this is to make sure that people who want to sell have a buyer,” explained Steve Blitz, chief U.S. economist for TS Lombard. “The Fed is taking both sides of the market so people who need to raise cash can do so.”"
"The Fed created this monster so it has to be on the other side of it now.”"
"As a second step, Rosenbluth and others think the Fed’s tiptoe may help calm parts of the ETF ecosphere, which has been rattled by record outflows, not just the bond market. "
https://www.marketwatch.com/story/the-fed-is-going-to-buy-etfs-what-does-it-mean-2020-03-23
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"
Pershing Square's Ackman told Bloomberg News he's taken off hedges put in place through shorts in the credit market to offset the effects of the coronavirus. His hedge fund used the proceeds to reinvest over the past two weeks in Berkshire Hathaway stock, Lowe's stock, Hilton stock and Starbucks stock.
"That's about the most bullish thing we've done," he said. "We are all long. No shorts, you know, betting on the country.""
Any man who is bearish on the United States will go broke.
J P Morgan
Don’t sell American short.
J P Morgan
Never sell a bear on the United States.
J P Morgan😉
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Whats up with Dow?
From limit down to limit high?
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But lets hope that all the stimulus and free money from the centralbanks can stop the bloodbath and play out like 1987 on dow and 1998 on Dax?
I remember back in 1998 when DAX had a ugly fall, 40% in twelve weeks and some stocks 60-70% (had som stocks back then)
But then it all went straight up and reach a new ATH
So lets hope for the best and be prepared for the worst😊
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No one knows thats for sure
But probably two scenarios? (1987 or 1929?)
Big bear, then we are in the first wave down and are in for a pullback (bear market rally) thinking the worst is behind us
Then the third wave start and would probably chrash the market for a long time (years?)
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Smaller bet size and wider stops
At least 100 point on Dax and 200 on Dow
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Indicators > Price line
I use bid-ask color band
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I am surprised that Trump doesent yell for a ban on shortselling?
"Any man who is bearish on the United States will go broke.
J P Morgan
Don’t sell American short.
J P Morgan
Never sell a bear on the United States.
J P Morganhttp://www.quoteswise.com/j-p-morgan-quotes.html
DOW are at the same level as 2016 election
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"LONDON (Reuters) - The European Union's markets watchdog tightened rules for short-sellers on Monday in an attempt to calm stock indexes that sank again over fears that the coronavirus epidemic will tip economies into recession."
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6 hours ago, Kodiak said:
Lets see what happens when the futures open
If the "patriots" that bought the Trump speech to the nation keep buying the futures?🤠
And if we get some stimulus in asia when they start up the day?
or if the "punters" at IG are right and we get a selloff?
Could go either way😎
Took a contrarian small punt in weekend FTSE 😉
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On 14/03/2020 at 13:12, dmedin said:
Lets see what happens when the futures open
If the "patriots" that bought the Trump speech to the nation keep buying the futures?🤠
And if we get some stimulus in asia when they start up the day?
or if the "punters" at IG are right and we get a selloff?
Could go either way😎
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DOW Weekly
Lets see if week can close above support? and if some good news (or absent of bad) during weekend could give a gap up on monday?
The tail under support is (a bit) "bullish" if close above
every bearmarket always have bearmarket rallys (also 1929) and they can be violent and unpredictable
Lot of shorts to squeeze out😉
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Waiting for Lagarde and do not expect any miracle from ECB, probly same reaction as the FED reaction?
But about the fun of catch a falling knife😁
So looking for some support on the Monthly charts and i suppose both Dow and Dax would "bottom" at the same time?
What i am looking for is a bounce of some sort, a couple of weeks maybe?
All bearmarkets have bearmarkets rallyn, maybe some kind of three wave (1 down 1 up and 1 more down)
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I guess handle this when VIX is at 50 could be a challenge?
Anyone got saved by the ESMA rules?
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"Former ECB President Mario Draghi, whom I met with regularly during that period to discuss this very issue, understood and fretted about the fact that the Germans would be very much against the move to QE. He nonetheless chose to protect the entire euro zone economy from deep recession and possible deflation, incurring the wrath of ECB hawks and Germans in the process."
" hint of a “too little, too late” response that significantly raises the odds of a soaring euro and recession."
Draghi please come back with the helicopter😷
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Autochartist not supported any more
in Foreign Exchange (FX)
Posted
Seems to work for me?