Anyone scalping the FTSE Futures??

[Dowser]

How are you getting on?

I closed my eyes and took a long this a.m on the Nasdaq at 7000 with an optimistic TP of 7100 - currently 7055.

I'm getting a bit twitchy and am thinking that Postie's stratospheric Dow call might leave me with a hatful of ****holes if I don't bail soonish. Might hang on for Powell speak and factory orders...

I'm eyeing up a trend line formed by the lows printed at about half 3 and half 7 this morning (Our time) to Buy

 

[Dowser]

I'm eyeing up a trend line formed by the lows printed at about half 3 and half 7 this morning (Our time) to Buy

I think this might be a pivot area for yesterday's shorts to get out

 

[cantagril]

I'm eyeing up a trend line formed by the lows printed at about half 3 and half 7 this morning (Our time) to Buy

Hmmm.... that looks plausible...mind you, I did just get rid of my nazzy long at 7045..so I'm looking for confirmation

 

[postman]

Well they keep selling it during the day so if its going up it'll have to be done overnight. Gap higher tomorrow then sell it.

I'd be selling the dow down to 24970 than buying and holding.

 

[postman]

I dont see that line holding.

 

[postman]

Well that s&p trend line broke but then the turbo buying kicked in. Dow up 340.

 

[postman]

Short dow 25165
too high too fast.

 

[postman]

Looking for 25105

 

[postman]

Short dow 25165
too high too fast.

Being down ONLY 25 points after 30 minutes is kind of a blessing in this market. However there appears to be no letting up.

 

[postman]

Being down ONLY 25 points after 30 minutes is kind of a blessing in this market. However there appears to be no letting up.

2 minutes later and its down 60 me and my big mouth.

 

[cantagril]

Well that s&p trend line broke but then the turbo buying kicked in. Dow up 340.

Being down ONLY 25 points after 30 minutes is kind of a blessing in this market. However there appears to be no letting up.

Well, of course it was going to take off like a rocket...after all, had I not just closed my nazzy for slightly less than half my original TP?? Like the one that that it's in the process of rogering right now? I should have taken you at your word with that 5OO ramp call of yours

 

[postman]

Well, of course it was going to take off like a rocket...after all, had I not just closed my nazzy for slightly less than half my original TP?? Like the one that that it's in the process of rogering right now? I should have taken you at your word with that 5OO ramp call of yours

Theres still 20 points left on the s&p upside so thats good for another 150 on the dow. I thought they might take more time over it, a bit more subdued, but no its the Yanks go big go now.

 

[cantagril]

Well, of course it was going to take off like a rocket...after all, had I not just closed my nazzy for slightly less than half my original TP?? Like the one that that it's in the process of rogering right now? I should have taken you at your word with that 5OO ramp call of yours

PS - sorry about the that short, I"m still fixated on the upmove

 

[postman]

If you look at an hourly chart on the s&p it can go to 280X and still be in a downtrend.View attachment 263373

Here's an update on yesterdays chart. 263373

 

[postman]

You can see where the dow is going. I thought it would be a pullback and a slow climb, but no ...

 

[postman]

Have I mentioned how mad those yanks are?

 

[cantagril]

Have I mentioned how mad those yanks are?

We gave them a good run for their money though: They elected Trump - We had a Referendum

 

[postman]

25,273 another short.

 

[postman]

I really dont think 25,300 goes tonight but if it does I will close some time this evening and take the loss.

 

[postman]

We gave them a good run for their money though: They elected Trump - We had a Referendum

The difference is they elected him AND he became President, we just had the referendum we couldn't be bothered to follow through.