DOW

longterm_view wrote: Well, looking at the massive rally, I have played this terribly.

I’m not loosing any, but I’m not making anything either.

I’ve been sitting on my hands so long now, I don’t think they will work.

Don't sweat it man.

Capital Preservation is Key (and you'll always get a chance in any market).

Moreover, wha's going on here is just freaky. The market loves to move when it's closed, but either sells off, consolidates, or adds a topping DURING market hours. That is freaky. where's the volume?

No structure or foundation, let the Dow hit 50,000 and the S&P 5,000. it only means that the real world is gonna suck even more.

As I type this, the market is "adding a topping" some 500 points on the dow if you bought the dip at 25,000 at 4pm. Again, I don't know what to make of it, and when there's uncertainty, i'd rather sit it out. It's not my money anyway!


Lastly, I'll leave you with this, I've been nipping in and out, doing ok (tiny amounts here and there - totalled up looks ok); but at what price? I'm working longer hours to make up for "lost" time, I'm not eating properly, I'm not working out as much, I'm not even enjoying the garden much during this glorious spring.

I'm slowing down to a couple of trades here and there (very early in the morning usually!), but in my humble view - all of this is overrated. Time is King, not money

Well, looking at the massive rally, I have played this terribly.

I’m not loosing any, but I’m not making anything either.

I’ve been sitting on my hands so long now, I don’t think they will work.

Daily Battle lines:

https://ibb.co/mt3XH97

Dow Daily


The five minute shows the battle on the 61% fib line more closely:


https://ibb.co/wSF1jTD

Dow 5-min

Hi Inside Informant,

As was discuseed, this trade was likely to be on - for how long I don't know.

I did take a short nibble (very!) early doors @25,257.7 this morning, but I've actually reached the point of exhaustion of nipping in and out for a scalp here and there due to my mistrust of the markets.

It's getting silly where the overnight action (the fed? blackrock as their nominees? I don't know) is just becoming too much of a factor.

Consider the bank-holiday (sunday evening to tuesday am), the SPX Futures moved some 2% up in what? a 10% volume - with the markets closed (whatever happened to buy/sell, supply/demand, etc etc etc)

That simply vindicates my view of not holding anything no matter how tempting.

Another factor is that experts (including ours) are conflicted about what's happening - and if my betters are conflicted, what chance do i have.

So, I'm nipping in and out even less, sure, this means less fish n chips, but I get to keep my hard earned cash in my pocket for another day

fibs

dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...mCErZRWRdfC3KM158%3D

not perfectly a double top but close enough....
as they say "when you see a double top....you sell a double top"

dax - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...CukWmQ3okBH3J4b9k%3D

similar on the Dax...
certainly seems to be strong resistance above 24700.....on the Dow

atb, wdik, dyor,
trendfriend