More fairly quiet expiry action yesterday with expiry now due tomorrow. 1. UK FTSE 100 FTSE closed yesterday at 5888 up 20 points with the spread betters now (05h00) quoting it at 5868 (-20). FTSE continues to flirt with triangular resistance and still nothing to question the uptrend. We remain 50% short via the ETF… Continue reading Opening Report – 20 September 2012
Month: September 2012
Opening Report – 18 September 2012
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
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