GM Cap'm - exactly Will it stop at SMA50 on the hourly, or will the highs be taken out? It's getting interesting

US and Euro stocks mounting one more rally before crashing?

GM - looking at the Dow, the recent down-wave distinguished itself from the previous pullbacks by having about twice the volume per point moved, indicating a reversal rather than pullback in an uptrend. There should be a dead cat bounce from here, ...

US and Euro stocks mounting one more rally before crashing?

Exactly, and in low volatility conditions like this morning, one may double or triple the trade size, reduce the stop distance accordingly, and have a decent trade for what would be 50-75 points in afternoon conditions. Beats DAX in my view.

US and Euro stocks mounting one more rally before crashing?

GM chaps - that's been my observation too. Looking at DAX this morning it's been 1 minute candle by candle almost perfectly in sync with the Dow, apart from a sell market order that somebody entered at 8.30. To me, such behaviour makes the US ...

US and Euro stocks mounting one more rally before crashing?

Not sure what you want to say here? John Thomas Financial was shut down in 2013 after being sued by the SEC for defrauding investors....and the video is that old...

US and Euro stocks mounting one more rally before crashing?

GM chaps Correlations indeed. Here's my take on it. First a chart with DJI (black) and S&P 500 (blue) from Trump's election up until the January 2018 high. As is evident, DJI is outpacing the S&P 500 at an increasing pace - this ...

US and Euro stocks mounting one more rally before crashing?

Good morning Very impressive and nuanced rendition of Beethoven's sonata Yes, the Dow conquered the trend line and the Fibonacci resistance, and seems to be ready for more. Next levels about 500 and 1400 points to the north. ...

US and Euro stocks mounting one more rally before crashing?

Thank you for trusting my judgement A rising wedge, such as in your chart, is a bearish pattern, and the lower line was broken late Friday. I'd be inclined to think that this was the end of the correction from the December low, but the ...

US and Euro stocks mounting one more rally before crashing?

There are many perspectives, which makes the game so fascinating. My own prediction was based on wave count and Fibonacci ratios. 25215 is the 161.8% extension of the previous down wave - thus my morning guess. I wouldn't declare the uptrend over ...

US and Euro stocks mounting one more rally before crashing?

Or it could be astrological It's a New Moon in Aquarius at 6.04 pm Monday - at the time when trading picks up after the lunch hour. Could that be the time?

US and Euro stocks mounting one more rally before crashing?

Yes, that seems to be the top. Not quite above 25200 as I predicted, but as it's Friday I give myself a pass on that one Now let's see if yesterday's bottom will be taken out...If so, late in the day, I guess.

US and Euro stocks mounting one more rally before crashing?

Now, that's a safe bet

US and Euro stocks mounting one more rally before crashing?

Good morning As we had a guessing game ahead of FOMC, why not hazard a guess again!? Mine would be a first move up to trigger limit sells above 25200, then down to take out stops under yesterday's low, and after that it'll get ...

US and Euro stocks mounting one more rally before crashing?

Back to the round number for the cash index...When will this range be broken?

US and Euro stocks mounting one more rally before crashing?

Not a lot of volume during the first half hour up, but all the more on the way down. Time to look for shorts....

US and Euro stocks mounting one more rally before crashing?

GM Cap'n Yes, good book, and nice chap too And, yes, I've got 25200+ in view too. We shall see...

US and Euro stocks mounting one more rally before crashing?

I don't think that's the case. Further down on the page, one can read this: 81% of retail investor accounts lose money when trading spread bets and CFDs with this provider

US and Euro stocks mounting one more rally before crashing?

At the same time, 2/3 of retail clients are short and when I did have a peek at this number during yesterday, it was about the same.... Good idea not to trade against the slope of SMA20 on the 5 minute chart, methinks.

US and Euro stocks mounting one more rally before crashing?

Agreed, yesterday's high needs to be tested.

US and Euro stocks mounting one more rally before crashing?

There are 2003 and 2009 editions too, but the first edition is from the 80s. Or you could go for his latest book, which is only 3-4 years old, but that is seriously deep stuff. "Forecasting..." is more directly applicable to trading. Yes, ...

US and Euro stocks mounting one more rally before crashing?