1. Introduction A quite day on the markets yesterday with Krautgap logging a small profit. The sideways action is actually forming a re-test of those key triangles on the DAX and FTSE and with the trend still clearly up, I intend to buy either a buying spike or a break to new highs (via Xtreme… Continue reading Opening Report – 18 September 2012
Tag: Ftse
Elliot Wave Theory – 13 September 2012
When I first started out in the “trading” business I used to swap newsletters with Robert Prechter who writes the ‘Elliott Wave Theorist’. I then managed to upset him, I believe by calling him a lucky monkey, and he then used the lucky monkey piece in his promo without giving me due credit which did… Continue reading Elliot Wave Theory – 13 September 2012
Opening Report – 11 September 2012
I am staying in Hua Hin at the moment. I think it is fair to say this is Thailand’s premier beach resort as the Royal Family have a palace here – I’m certainly impressed with the place even though I got thrashed on the Go Kart course yesterday. Anyway I was having dinner with a… Continue reading Opening Report – 11 September 2012
Opening Report – 27 July 2012
Yesterday’s rally fits the bill of the expected c wave extremely well and there is evidence it has now peaked. If so we now have a third wave down starting up with a minimum expectation on FTSE around 5300/5350 and possibly a fair bit more.
Opening Report – 24 July 2012
Markets are seeing impulsive declines and FTSE has either already seen five waves down or needs one more decline to complete this – see chart below. This suggests a rally of sorts but we are again into event-driven territory with Spanish Bonds under severe pressure (Greece must be glad to be out of the spotlight… Continue reading Opening Report – 24 July 2012
Opening Report – 20 July 2012
Markets are moving into expiry on a high note but it is what happens in the next couple of sessions which is important. UK FTSE 100 FTSE is now at 5693 down 20 points. FTSE is having trouble holding 5700 but the final expiry gasp after 10h00 may sort that, briefly. We are seeing with… Continue reading Opening Report – 20 July 2012
Opening Report – 19 July 2012
Expiry action continues and markets moved up yesterday. If we look at FTSE it closed on Friday at 5659. It then spent Monday and Tuesday going down around 40 points and has now rallied to take it up around 40 points from Friday’s level. However other markets have been far more positive with the DAX… Continue reading Opening Report – 19 July 2012