Most interesting analysis Steveo. I have been counting on a major bear market downturn soon based on numerous indicators including Vix. However, using old school point and figure charts, a high pole warning has just appeared and using the same method on the S&P a bullish objective of 1350 has appeared! Could the market know about QE3 even before the Bernanke?
Cable and Euro have been "pounded" no pun intended, they both look ready to run up.
The Bernoulli channel definitely allows for a run to 1300, will play it as I go.
My trades are very short now, but holding Cable long, with a stop at break even, far, far away. Willing to give all my profit back to keep from getting whipsawed out by tight stop.
Cable and Euro have been "pounded" no pun intended, they both look ready to run up.
The Bernoulli channel definitely allows for a run to 1300, will play it as I go, for now down seems to be the ticket.
My trades are very short now, but holding Cable long, with a stop at break even, far, far away. Willing to give all my profit back to keep from getting whipsawed out by tight stop.
Most interesting analysis Steveo.
ReplyDeleteI have been counting on a major bear market downturn soon based on numerous indicators including Vix. However, using old school point and figure charts, a high pole warning has just appeared and using the same method on the S&P a bullish objective of 1350 has appeared!
Could the market know about QE3 even before the Bernanke?
Cheers,
Cable and Euro have been "pounded" no pun intended, they both look ready to run up.
ReplyDeleteThe Bernoulli channel definitely allows for a run to 1300, will play it as I go.
My trades are very short now, but holding Cable long, with a stop at break even, far, far away. Willing to give all my profit back to keep from getting whipsawed out by tight stop.
Cable and Euro have been "pounded" no pun intended, they both look ready to run up.
ReplyDeleteThe Bernoulli channel definitely allows for a run to 1300, will play it as I go, for now down seems to be the ticket.
My
trades are very short now, but holding Cable long, with a stop at break
even, far, far away. Willing to give all my profit back to keep from
getting whipsawed out by tight stop.