Morning all
Well as we can see yes the market does have balls.
Bigger than many people think at the present time.
While the news hasn't come out yet regarding the Greek issue it obvious that its a done deal and markets are up in Europe over 1% and the US indexes are close to the 1% mark.
Our target is for 1400 before March contract expires so we do have another 35 points to go.
I noticed the stops fly off at 1357.50-1358.
My thinking is very clear if the 1372 level goes then the short covering will run the market quickly.
Don't know if it will happen today tho.
More likely next week !
Yes while we are sitting on 20 points profit one should consider there own position on whether to take profit or not.
Please don't wait for me to tell you when too lock profit, that's something for you too decide.
I am not in the business of hand holding.
We also see the metals up also which is great.
Last month was a blood bath for many commodity funds.
I am still holding my silver and looking for higher prices.
In the wheat I got stopped out at 643 but will see how far we go today before considering to reposition the short.
For the traders who use cycles..
Please note I am not out to question your views or methods.
In fact the more indicators you have going the one way the better the odds of success.
So the fact that the astrology is against the cycles at the present time shouldn't come as a surprise.
For the students of financial astrology
Today's VC which comes in at 4.40am is not a negative aspect as many believe.
In fact its a bullish aspect and I will explain why
First its a Full Moon Virgo
Full Moons as I have explained before tend to produce bottoms 24 hours either side.
Then we also have the Sun in Pisces which the sun has no strength against the moon.
Also note as I stated days ago Venus in Taurus.
Note that if there is no serious negative aspect that this will always dictate direction.
So until this wanes as I said before I am a very humble bear and an aggressive buyer.
As always use the above as an indicator to your own work.
Cheers
Well as we can see yes the market does have balls.
Bigger than many people think at the present time.
While the news hasn't come out yet regarding the Greek issue it obvious that its a done deal and markets are up in Europe over 1% and the US indexes are close to the 1% mark.
Our target is for 1400 before March contract expires so we do have another 35 points to go.
I noticed the stops fly off at 1357.50-1358.
My thinking is very clear if the 1372 level goes then the short covering will run the market quickly.
Don't know if it will happen today tho.
More likely next week !
Yes while we are sitting on 20 points profit one should consider there own position on whether to take profit or not.
Please don't wait for me to tell you when too lock profit, that's something for you too decide.
I am not in the business of hand holding.
We also see the metals up also which is great.
Last month was a blood bath for many commodity funds.
I am still holding my silver and looking for higher prices.
In the wheat I got stopped out at 643 but will see how far we go today before considering to reposition the short.
For the traders who use cycles..
Please note I am not out to question your views or methods.
In fact the more indicators you have going the one way the better the odds of success.
So the fact that the astrology is against the cycles at the present time shouldn't come as a surprise.
For the students of financial astrology
Today's VC which comes in at 4.40am is not a negative aspect as many believe.
In fact its a bullish aspect and I will explain why
First its a Full Moon Virgo
Full Moons as I have explained before tend to produce bottoms 24 hours either side.
Then we also have the Sun in Pisces which the sun has no strength against the moon.
Also note as I stated days ago Venus in Taurus.
Note that if there is no serious negative aspect that this will always dictate direction.
So until this wanes as I said before I am a very humble bear and an aggressive buyer.
As always use the above as an indicator to your own work.
Cheers
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