One last thrust before the Rust!Back at my desk and ready to go.
I ended the year with a nice few profits for me and my clients.
One of the last was a trade on the £/$ market, netting me £9,000
I want to focus now on the Ftse100.
I have so much to do, so I am not going to spend 2 hours of my first day back at
my desk waffling away.
I have been away in NY, and Time Square was insane for New Year.
I have been stuck in snow on my way home from the airport late last week, so
have been looking forward to resuming normal market activity.
And it is only today, whereby markets are seeing some ‘normal’ trading volumes.
The Ftse100 this morning reached a high of nearly 5600. Since then it has sold
off over 40 points.
I think that 5600 is as far as it can go this week, and even into next. For next
week I would say 5650 being the very top before we correct.
You cannot argue with the chart right now on the Ftse100, as we have seen over a
10% rally since the higher low set back on the Halloween weekend.
Half of this rally has only come since the week of trading before Xmas.
I do not think we will correct a great deal, maybe only the same amount it has
rallied since Xmas, but I do believe we will see one final high in February.
THEN, we will see a bigger sell-off, down maybe as far as 15-20%.
I will not talk about that so much today, as that is next month, but for now, I
like wide ranges for the market, or indeed a High No Touch after tomorrow. One
thing will happen on Tuesday…
We will either price in one more spike higher, or come off in which case that
should be the signal for the first of the corrections.
Until next time
Matt $haw
Back at my desk and ready to go.
I ended the year with a nice few profits for me and my clients.
One of the last was a trade on the £/$ market, netting me £9,000
I want to focus now on the Ftse100.
I have so much to do, so I am not going to spend 2 hours of my first day back at
my desk waffling away.
I have been away in NY, and Time Square was insane for New Year.
I have been stuck in snow on my way home from the airport late last week, so
have been looking forward to resuming normal market activity.
And it is only today, whereby markets are seeing some ‘normal’ trading volumes.
The Ftse100 this morning reached a high of nearly 5600. Since then it has sold
off over 40 points.
I think that 5600 is as far as it can go this week, and even into next. For next
week I would say 5650 being the very top before we correct.
You cannot argue with the chart right now on the Ftse100, as we have seen over a
10% rally since the higher low set back on the Halloween weekend.
Half of this rally has only come since the week of trading before Xmas.
I do not think we will correct a great deal, maybe only the same amount it has
rallied since Xmas, but I do believe we will see one final high in February.
THEN, we will see a bigger sell-off, down maybe as far as 15-20%.
I will not talk about that so much today, as that is next month, but for now, I
like wide ranges for the market, or indeed a High No Touch after tomorrow. One
thing will happen on Tuesday…
We will either price in one more spike higher, or come off in which case that
should be the signal for the first of the corrections.
Until next time
Matt $haw
http://www.fixedoddssuccess.com/
p.s. 100% strike rate so far this year No Losses, as I have not traded. We
intend to trade 1-2 times weekly this year, with a 95% strike rate overall.
www.fixedoddssuccess.com or sign up on site for my FREE PM newsletter
p.p.s. Do you have 50-100k for me to trade with? Email: fixedoddstrader@aol.com
for further details
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