All I can say is ‘WOW’! A big blooming WOW, of the fact that the market has held up this long and managed to rally from last month’s lows on practically NOTHING! The market will indeed hold for as long as it needs to in order to SUCK as much cash in as it possibly can before it all goes BELLY UP, yes up not down! But I mean we’re heading DOWN! Now this week will not be a big update as I am itching to get out and toast the blackest Friday I have ever celebrated – not in terms of market! The Dow, S&P and Ftse have all managed to recover nicely since the lows seen back at the end of November! What have they rallied on apart from a whiff of slightly better than anticipated data? Hmm not a lot! ........ Do you want to see last 3 fixed odds trades?
why am I loving Fixed Odds Trading more than ever? Little snippet - Email me! ........ There are many reasons why the economy is holding up, and why it will hold up going into New Year and other (deeper) reasons as to why companies are reporting better than expected figures – more on that next week. For me the joker in the pack as to be the Dow – c’mon it’s salvaged a load of $ back into the marketplace from its rally at the end of Nov, only to fall short at current levels. It’s the 12150 that interested me greatly! This level was broken to the downside early last week. We then saw the market try a somewhat lame attempt to crash back up through this zone on Wednesday evening, before eventually waning lower below 12000. And now that we are below the 12000 resistance barrier (all thousand levels once broken become temp resistance/support to varying degrees) the Dow is now failing at 11950! I sold this market (placed a high no touch through my fixed odds account) last Wed and Thursday live through my online webinars exclusively for members of my trading service. Right now, we could rally for one or two sessions up to Xmas next week before another fall is due – It’s actually 50-50 and I will know more come Tuesday on precisely where this market is headed into 2012. The £/$ is doing its best not to set my world alight, but one level that I am eyeing closely as Santa hugs into his big old boots is the 1.5640 level. My webinar attendees know why this is so crucial as cable (Gbp/Usd) enters a new technical phase. More on that next week too... What do I see for gold? Well, we may have well topped out for the next few months at $1800 while we test further lows and the $ enjoys a measured, subsistent flow of entry into 2012. Long term everyone knows my thoughts and again for the last update (next week) of 2011 I will go into much more detail. However, as cash whittles its way between markets and speculators hold fire until a damning bias is seen, Gold will stay put or even reach $1400 and below. Trust me – WHATEVER the case I would be buying at them levels for the long haul. For now heading for the New Year I would like to buy back above 1620-1640 (previous support) as the market would gain further momentum back above this level. However, if we struggle then I will hold off until another base level is seen at the start of the New Year. I just feel damn awkward selling Gold right now, knowing that it’s geared for the stars over the next 3 -5 years, but sometimes you have to go against instinct in order to protect short term positions. I will sell further if specific levels are broken down to the downside. That’s it for this week, but next week the 23rd December I will be in touch with a FULL round-up bumper edition and even let you in on some little secrets for being an avid reader of mine – I just love my loyal fans. God bless you and have a great weekend! Matt $haw www.fixedoddssuccess.com www.financialtrading.co P.S. See the forex training (option 3) at my new site: www.financialtrasing.co
Up until Xmas Eve this will be JUST £2,499!!!
Book now for Jan – email me privately as the site is not yet live for 48 hours
regardless!
