Recent content by Pete Hannan

After watching the US futures struggling to make gains all morning following one good earnings announcement after another, my read is that there will some profit taking in the US today. The FTSE has fallen in line with the futures, and I am now short again. I caught it just before we powered...

The Renko chart signalled long at 4348, and we seem to be consolidating above the 1hr ema. I've taken 4350.

Renko intro: http://www.equis.com/Education/TAAZ/?page=101

D4F keep offering 4339. A chance to close short and go long below the support. T E M P T I N G !!! :twisted:

The Renko has me short from 4366. Some way off the high, but a good signal nevertheless.

I'm expecting some support at this 4340 line, as there was yesterday. We were testing the 1hr ema as the poor ZEW figure came out of Germany.

Like this? (only without the last droop)

No, sorry. I've tried posting the URL into my address bar, but still no joy. Can anyone else see it? Maybe you could just tell us what it shows if noone else can see it.

I don't see that pic, bonsai. Perhaps I'd have to go there and log on?

3 Since I'm working with a spread, I have to cut out a bit of the choppiness inherent in the default of 2. It has given another block since my last post. D4F were offering 4295 at the time, I hope I was right to hold. The Dow looks a bit wishy washy - a ND top perhaps - inconclusive.

The Renko has given an uptick at 4301, but we've bounced off the underside of the 1hr ema, so not long yet.

As you can see, the Renko confirmed the change of trend. At first I thought I was mad to cut at 4309/11, but now reading 4304/07 :D . We'll see.

The 100ema was broken and then tested from below. I have cut my long at 4309 for a 3pt loss.

The US figures seem to have been well received initially. Trade Defecit 39.4 vs 41.1bn expected PPI up .3 vs .1 expected core PPI up 0 vs .1 expected

Producer Price Index, and Trade Gap out at 1:30.