Hi guys:
The auction has started and the long opened fronm friday at 9560 dec dow seems healthy at present and am waiting to see what topside we achieve today then take shorts/longs as oppoutunities arise.
What do you think the tops going to be today - I would be happy with 9650.
Boy its boring with the dow being stagnant around 9605 +/- 10 odd ticks.
Do you think its going to take a massive hike up or down.?
Whenever it has been stagnant itr has been akin to a cobra-waiting to unleash like acoil and no doubt do damage if we are in its wake.
Watch out guys
no idea what it will do, zarif. I moved my stop up to break even on the Nov future. It's a free bet now.
If it closes above 9541, I will consider it still long.
Good luck.
Hi:everybody
i have left the long open from yesterday and see how it goes.
What do you think its going to top-out at today.
I have this gut feeling that it will shoot up and then fall like a stone to about 9480 within the week.
So my strategy is shorting in the main.
not sure if this is relevant to you, or if i've read it right, end of day DOW showed momentum divergence.....which would indicate a rally today. i'm hoping so and have gone long.
Terod:
Thank u very much for the info as i have got a long open on dow dec from lastnight and is in positive territory so best to hold for the top before attempting any shorts etc.
trin is at 1.15 at 14.21gmt
There u go terod -well done u are a fast learner.
Ps: how are u diddling with igindex.?
Have u tried any trades as yet on the indices etc?
yes, started with IG but (as you can see) keeping a very low profile while finding my feet - got a load of second-hand knowledge and am now trying to sort the wheat from the chaff, only dealing CFD's until my nerves are ready to tackle SB...good luck today.
Terod:
re: tick and trin
Look at the link below as it explains it quite well.
Basically it is an estimation of overbought and oversold.
generally the lower the nuber the more bullish scenario
eg:0.16 very bullish possible rally into space
eg: 4.86- market v.bearish -down like a stone