35854 replies to this topic

[Zero Hedge]

A very wise man had the following to say about QE in 2010...what is good for gold will be good for shares. Took me a while to understand what he was trying to say. Now I wonder if the inverse is also true?

[Zero Hedge]

NFP on Friday will be NB for market direction for the rest of the month. If another +200k print, we can expect the selling and profit taking to continue. A 160k print should stop the pain and see us bounce. I am however concerned that Santa may turnout to be elusive this year...but let's hope he turns up.

[Sunesis]

I'm long everything DAX,FTSE,DOW,ALSI

[AJS]

Something to consider...Mr Market has a nasty habbit of making more lower lows after a full gap down bar on the daylies (see red bars on chart)

 

Instead of trying to catch that knife, rather wait for a either a 9bar key reversal, a bullish harami or a dragonfly doji before taking a long position.

 

I like that chart, thanks!

[RBM]

looking forward to a green wednesday morning and entire day too

[Plasma]

So on dallies we had a solid retest of the low.....let's see of this double bottom will propel us upwards....

Something to consider...Mr Market has a nasty habbit of making more lower lows after a full gap down bar on the daylies (see red bars on chart)

Instead of trying to catch that knife, rather wait for a either a 9bar key reversal, a bullish harami or a dragonfly doji before taking a long position.

Thanks M! Will take care...

[Mhlato]

So on dallies we had a solid retest of the low.....let's see of this double bottom will propel us upwards....

 

Something to consider...Mr Market has a nasty habbit of making more lower lows after a full gap down bar on the daylies (see red bars on chart)

 

Instead of trying to catch that knife, rather wait for a either a 9bar key reversal, a bullish harami or a dragonfly doji before taking a long position.

Attached Files

•  Gap Down.png   29.22KB   21 downloads

[Lekkerry]

I feel your sentiment and concur (not that you need my approval  )

 

I will however wait for 391xx to strike in the morning, not convinced either-way yet.  

 

1st Long 39230

 

 

stop 38800

take profit Santa

[Plasma]

I appreciate the posts members, really adding value to us new comers, keep up the good spirit of knowledge sharing

Enjoy and good luck!

[Twins]

I appreciate the posts members, really adding value to us new comers, keep up the good spirit of knowledge sharing

[Sunesis]

1st Long 39230

 

 

stop 38800

take profit Santa

[RBM]

So on dallies we had a solid retest of the low.....let's see of this double bottom will propel us upwards....

Yip

[Plasma]

So on dallies we had a solid retest of the low.....let's see of this double bottom will propel us upwards....

[Sunesis]

I agree 100%. Its one of the most important fundamentals of trading, but even the bears have lost big, trading a down trend in a bull market. At some point the market must turn and it's about timing it.

One would say reduce your units then take a long with a 1000pip stop, and come back end of December

[fabes]

Yeah, wait for the moment when everybody gives up buying.

Big banks don't have a problem, them have long positions since October with their target till bonus day.

 

 

My 2c.

Everyone is watching like a hawk for entry before Santa rally. In my experience, it is in these moments that a bear comes and eats his last supper, knocking out stops, causing frustration and wiping out capital before the market actually moves in the direction you expected. Watch for that, be patient in waiting for Santa confirmation.

 

 

Spot on Magic, stick to the trend.

I agree 100%. Its one of the most important fundamentals of trading, but even the bears have lost big, trading a down trend in a bull market. At some point the market must turn and it's about timing it.

[Sunesis]

The special 200MA for hedgefunds is close on the FTSE. Longs will start around 6500.

Hedgefunds like the 200MA for longs.

 

Dow needs to pullback a little to the prevous breakout level before Santa rings the bells.

 

ALSI need to break a point were bulls get flushed, and i believe break below 39000 will do it.

That's were smart longs can start coming in, while dumb longs would have been stopped out or dumb bulls get scared

 

 

[fabes]

US close will be good for a long, it's going to be a down day for US markets

With a close eye on Asian markets, however depending on our close today I might reconsider.

[Sunesis]

Where do you think we will close today L? Right now this is pissing me off, cause I can't trade. It's too risky. Will wait till the morning or maybe US close.

US close will be good for a long, it's going to be a down day for US markets

[Ninja]

I'm all ready and waiting for Santa!

[Sunesis]

Spot on Magic, stick to the trend.

Yeah, wait for the moment when everybody gives up buying.

Big banks don't have a problem, them have long positions since October with their target till bonus day.