>Apocalypto<
20.03.2012
- Joined
- 2 February 2007
- Posts
- 2,233
- Reactions
- 2
Been a wonderful time on the EURUSD&EURJPY last few days... a real run away trend. AUDUSD still stuck in nowhere land
Bill Gross just thinned out the DAX.
CanOz
Also Bill said bond inflows have been great in January meaning stock buying paper is coming in from cash and money market funds!
My God! It hasn't even started!!!
Some are going to be badly smashed this year.
Who's selling to who?
So you'd short at this point having still not re entered your momentum system?
The smart money will just stay in Bonds and is still flowing into bonds from smart stock selling into the rally?
.My God! It hasn't even started!!!
Still trading the DAX and FTSE.
No interest in a portfolio...
I'm going to continue not drawing trendlines on the daily charts because I don't think there are obvious lines which do a good job graphically representing where support or resistance are likely to be. Other than a 1-week dip in late December, the market has rallied uninterruptedly for almost three months. I don't think trendlines will tell us when or where the move will end.
Interesting comment from Jason Leavitt in regards to drawing trend-lines on daily charts....
He's heavily driven by the market internals when doing a weekend summary in prep for the week ahead. Relies less on trend-lines now, the market just seems to blow through them so often.
Cheers,
CanOz
My Size wouldnt sap up much Im afraid!That wasn't you on the other side of my FTSE trades last month was it?
Trend line or S&R lines?
When you say blows through them that to me
seems to be an S&R line rather than a trend line.?
easy pickings using a channel breakout and MA for trails.
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