FTSE 100

If there meant to be a correction it should happen about now imo, nasdaq is at at top again, sp500 and dax at 76% fib line, also 5 waves move can be seen across markets,I just don't know what a degree of this move is.

Trendfriend wrote: Target hit Libero....good call.

You've played these markets well....you kept an open mind which was a good thing....well done and good on you!

i was too busy being a uber bear and in hindsight i have to say...got it completely wrong.

To be fair(gonna blow my own trumpet here) i did call the Dow down to the low 18,000 quite early on....
the strength of that move made me think it would go lower....

Anyway it is what it is....and as they say "the market is always right"...

good luck everyone...whichever way you see these markets...stay lucky and keep well...

atb
trendfriend

You flatter me as always TF, and while I'm grateful to you for your kind remarks and great charts, I don't derserve it.

The scalping - the fear of holding anything for sustained period - is just too intense, and it simply fuels mistrust in everything.

Who is driving this market - really? it can't be you and me, Remo etc... it's gotta be the super powerful and super rich - if this is how it is, why should i trust them?

Sorry, I know it opens up a wider topic, so I'll not go there, but this is why I don't buy and hold. I don't trust these people.

Buying and holding is POG, GKP, Deutche Bank etc.... Buying and holding is Enron etc... I don't want it. These markets are nasty and rigged, excuse me, have had "interventions".

So, it means that i have to duck and dive for a few pennies here and there - which isn't good for the health either, surely!

You've made some terrific calls yourself TF - and 18,000 was just too good - please don't stop!

Now, I think with this sort of eurphoria (see attached), we'll see a good retracement, don't know when - that's something for Remo, WaveSurfter, MadMaxx and the gang to help us with!

speaking of holding - The only shares I still hold are GKP a £5k investment now worth less than £200. Not complaining at all believe me. I'm going to cash out and offset CGT.

Lastly, if like me, any of you good people made a trading error, then let me refer you to an excerpt from Stan Drunkenmiller:

"What did i learn? I didn't learn anything - I already knew that I wasn't supposed to do that (make a bad trade) - I was just and emotional basketcase and couldn't help myself. So, maybe I learnt not to do it again, but I already knew that"

Wishing you all good health, and don't be strangers; Remo set up a great board here for us!

Target hit Libero....good call.

You've played these markets well....you kept an open mind which was a good thing....well done and good on you!

i was too busy being a uber bear and in hindsight i have to say...got it completely wrong.

To be fair(gonna blow my own trumpet here) i did call the Dow down to the low 18,000 quite early on....
the strength of that move made me think it would go lower....

Anyway it is what it is....and as they say "the market is always right"...

good luck everyone...whichever way you see these markets...stay lucky and keep well...

atb
trendfriend

6375 as I type.

This is hitting the 6400 target sooner than I had expected!

(and no, beyond a scalp, nothing I can write home about. damn!)

Hey Folks,

Well, nothing but the gap to negotiate all the way to 6400 in the first instance by the looks of things.

Obviously the usual disclosures apply - including a strong sterling which might cause a stall.

Scalps aside, I'll not enter until (if it comes obviously!) it retests 6239 and depending on how strong the bounce from there will be.

As ever, please safe, and please don't stop your expert contributions! (Remo, WaveSurfer, TF - that means you!)


https://ibb.co/NNvKBs1

ftse - daily
uk.advfn.com/p.php?pid=chartscreenshotsh...slEhYie4Bs4wS%2FA%3D

This looks like its coming down with quickly now the momentum does look like its shifted. first real test around 5650/5600...

atb, wdik, dyor,
trendfriend