Re: Wallstreet1928 Analysis & live calls on FTSE,DAX,S&P...aimed to help New traders
yesterdays trade
"Fundamentals
When I read through all the economic news releases ......the number one theme was uncertainty!!
uncertainty breeds far , fear breeds panic = sell off
(Reuters) - German Chancellor Angela Merkel faces a battle for her political survival on Thursday when some of her coalition, worried about throwing good money after bad by bailing out Greece, could humiliate her in a parliament vote on euro-zone rescue schemes.FX: THE WINDOW IS CLOSING
The window to prevent another meltdown in the financial markets is closing. At the start of the week, investors were very optimistic that the Europeans would get their act together and alleviate the pressure on the market by coming up with an ambitious plan to contain Greece’s debt crisis and prevent contagion. Initially it appeared that a deal was in the works but as the week progressed and European politicians denied that an agreement is in the works, investors started to lose their patience and confidence. This explains why currencies and equities moved lower throughout the North American trading session, giving up all of its earlier gains. The pull back in of itself is worrisome but the chart patterns signal the possibility of an even stronger reversal in risk appetite and high yielding currencies.
risk fx - UUP @ gap fill support with pending cross over of bullish MA's ...higher and higher lows
aus/usd - was at resistance
eur/usd was at resistance
Oil @ resistance
Copper @ resistance
Technicals
10 mins = H&S formation
60 mins = trend line resistance
Daily chart = bearish continuation pattern .....and bear flag is now playing out !!
I expect new lows to be hit on ftse 100
I will short every pop .full stop !!
I said after nasdaq closes gap @ 2250 = Armageddon part 2 will start
Armageddon part 2 has started and is in full swing ......expecting 4800 4500 4000 very soon ...maybe friday or as early as next week monday tuesday
There is going to be a freefall .around 10 to 20% fall in one day is coming ......................very very soon
---------- Forwarded message ----------
From: Wallstreet1928 <
[email protected]>
Date: Wed, Sep 28, 2011 at 11:23 AM
Subject: I am short ftse 100 and nasdaq
To:
I am short ftse from 5307 , upto 5337
avg = 5320 region
stop loss = 5420
tgt = 5220 , 5170, 5120
short nasdaq from 2276 , 2296
avg = 2286
stop loss = 2336
tgt = 2236 , 2200"