Anyone scalping the FTSE Futures??

[Dick Lexic]

morning Dick Lexic and Talbs


elliott is very interesting prechter's earliest book is worth reading gives a good handle on how debt works in economy.

elliott crowd claim that when trading competitions take place elliott people do the best.

i grasp for elliott since all time highs mean no previous levels to work from.

FTSE on yesterdays close was 100% bullish and ftse is way above 6340ish buy pivot.

SP500 june 1590 that is amazing, remember the topstep crowd have remained bullish during this bull move, go Tim Haefke

VIX is plunging to lows again meaning no one is buying downside protection. a good way to use VIX is to compare it to realized volatility and use the spread rather than absolute VIX level.

Dick remember me saying that once ftse broke 6320 (implied level from options) that Feb low close 6228 would be next resistance. we went 14pts below that before rallying 185pts

yes good call sd ...but not taking anything away most upside calls are meeting targ in this market....sooner or later we'll get mr angry bear

 

[SuddenDeath]

yes good call sd ...but not taking anything away most upside calls are meeting targ in this market....sooner or later we'll get mr angry bear

rule of thumb do not be bearish unless VIX makes higher high on daily

 

[SuddenDeath]

2.5 min video

MrTopStep Closing Print 04-09-13 - YouTube

 

[samspade79]

yes good call sd ...but not taking anything away most upside calls are meeting targ in this market....sooner or later we'll get mr angry bear

I've made that point any everyone is a chart genius in a market that never falls.

 

[SuddenDeath]

good unemployment claims US

 

[Talbs!]

I've made that point any everyone is a chart genius in a market that never falls.

Look at the chart i sent earlier of the dax, declining trend line has held in well , maybe we have topped for now !

 

[Dick Lexic]

anyone still awake?

this is murder

 

[SuddenDeath]

anyone still awake?

this is murder

yep awake

dow move yesterday was awesome, fomc deliberations leaked early to select traders

 

[Dick Lexic]

from investors chronicle

"But the risk of a serious challenge to my bullish case is mounting."

 

[samspade79]

from investors chronicle

"But the risk of a serious challenge to my bullish case is mounting."

Serious challenge in that we might not hit 16000 DOW til July ?

 

[samspade79]

Can't be many bears left now and as they capitulate that'll push the market up a bit more.

 

[Talbs!]

Selling some S&P here, small sell programme in the Pit , will report total loss tomorrow ! :cheesy:

 

[Dick Lexic]

problem is we need dow/ftse catchup....you get the feeling the ftse will tank with even a small dow correction....

 

[samspade79]

problem is we need dow/ftse catchup....you get the feeling the ftse will tank with even a small dow correction....

So no need to worry about a FTSE tank then

 

[SuddenDeath]

dow +60 does this thing ever take a rest

 

[samspade79]

dow +60 does this thing ever take a rest

And you know that with MSFT and HPQ. Even with those two down 5% each DOW wants the moon on a stick. Whole thing is insane!

 

[SuddenDeath]

did some good data get released?

 

[SuddenDeath]

And you know that with MSFT and HPQ. Even with those two down 5% each DOW wants the moon on a stick. Whole thing is insane!

leadership has been switching during this recent bullish move, except yesterday only 4 were down out of 30 dow stocks the up move has not seen exceptional breadth

 

[samirs]

in 4 days dow has moved up 450+ points straight from the lows

 

[samspade79]

did some good data get released?

The opening bell ?