Good Morning
Well a nice bounce up we are seeing and all is good I guess depend on which side of the fence you are on .
It looks as tho 1218.25 is the low to hold or is it ?
Today as this is being written markets at 1246+ which is great for all the bulls traders.
But today I do have some negatives which will kick in from 11.30am and run through out the afternoon enough I guess to make some good dollars.
But the play is for Monday where news which will come from Europe could once again shake the foundations once again.
Looks to me like some bank might go into public ownership or collapse.
I think both the Euro and maybe gold will suffer as once again serious margin calls might take hold on market sentiment for the day.
I think US bonds and the dollar might be a safe bet , not commodities.
Sunday and into Monday could see a close test of the 10th's low.(1218.25)
Please note that regardless of what the news is or what occurs during Monday please make sure you do not have short position come the close of Monday as there is some very powerful up days ahead.
For the Students of Financial astrology we have the all might powerful Jup/Mars Trine.
What does this mean to the market ?
Jup = sign of plenty and more isn't enough, expansion.
Mars= quickly, powerful moves, aggressive
Trine= optimistic, confidence,success.
When you put all this together you can see that a powerful move is coming.
Should see signs of it come Tuesday and Wednesday, Thursday, (my bear brothers) jump on the back of the bull, and let it run.
AS ALWAYS USE THE ABOVE AS AN INDICATOR TO YOUR OWN WORK.
Cheers
As this is being written 1246.00
Well a nice bounce up we are seeing and all is good I guess depend on which side of the fence you are on .
It looks as tho 1218.25 is the low to hold or is it ?
Today as this is being written markets at 1246+ which is great for all the bulls traders.
But today I do have some negatives which will kick in from 11.30am and run through out the afternoon enough I guess to make some good dollars.
But the play is for Monday where news which will come from Europe could once again shake the foundations once again.
Looks to me like some bank might go into public ownership or collapse.
I think both the Euro and maybe gold will suffer as once again serious margin calls might take hold on market sentiment for the day.
I think US bonds and the dollar might be a safe bet , not commodities.
Sunday and into Monday could see a close test of the 10th's low.(1218.25)
Please note that regardless of what the news is or what occurs during Monday please make sure you do not have short position come the close of Monday as there is some very powerful up days ahead.
For the Students of Financial astrology we have the all might powerful Jup/Mars Trine.
What does this mean to the market ?
Jup = sign of plenty and more isn't enough, expansion.
Mars= quickly, powerful moves, aggressive
Trine= optimistic, confidence,success.
When you put all this together you can see that a powerful move is coming.
Should see signs of it come Tuesday and Wednesday, Thursday, (my bear brothers) jump on the back of the bull, and let it run.
AS ALWAYS USE THE ABOVE AS AN INDICATOR TO YOUR OWN WORK.
Cheers
As this is being written 1246.00
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