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Tuesday, March 27, 2012

Review

Morning all
 Hello London traders.
Yes the ES did hit 1419.50, but my order is sitting in the cue there at 1420 so I have not been filled as yet.
My gut instincts tell me that the market will have another push up into 6am NY time to get all the American traders excited and then flip so I am going to wait.
I once again throw caution on holding metals today, they either trade sideways or fall.
This is what my work shows today .
Sure some feel the market might have  topped  but we haven't had that: (close my shorts out at whatever price move yet).
Volume only 121K at the present time 5am..NYT
If we had that volume would be around the 180-200K so no institutional panic yet.
More over retail wash out with some hedge fund activity is what I make of it.
Finally I have decided to take a short on APPL come Wednesday there is too much negative astrology building up on the stock that I can not ignore.
Just for you to keep an eye on the trade NOT TRADE IT .
I have to practice what I believe in and its telling me the time is now..

Cheers

For the active traders chip and charge up or down and make sure you protect yourself with stops.
While this market has been trending high this will seriously change soon.
The volatility in the commodities will also be seen I believe in the stock market.

Cheers

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