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So after

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Valued Contributor
2 days of being smacked around, wonder if the bears will step up to the plate today ??
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18 REPLIES 18
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No need to step up ...bulls will do it all on their own...not making any prediction just pointing out few things to watch...Anglo at major resistance...BHP similar resistance and may be forming double top. Ftse has terminating diagonal which has retested the breakout. Mone of these things are in any way signals to go short or have confirmed....merely things to watch. In any case US data at15h30 and 17h00 will dominate.
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Valued Contributor
so bulls become bears ?? resources haven't been driving this rally, so surely better to watch industrials as they have been the driver ?? but either way sounds complicated ..
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US data is the single biggest non-event in a trader's calendar, IMO
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No Simon...what i mean is that the bulls will possibly look at taking some profit...i.e. they sell and drive the price down. This may or may not get the bears interested. Teminating diagonals are the simplest things around and (in my expereince) some of the most reliable tradeable starctures. Anything below 480 (for me) would mean the bears have gotten interested.
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Skaap then you have obviously not be trading for very long...because if you had you would know that 200 -400 point moves in minutes are possible and that the direction forward can very often be determined by these moves.
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I challenge you to show me a trading strategy that is able to consistently deliver results from the release of US data. 5 examples of a successful strategy delivering the goods. The moves are so extreme, that the risk reward ratio is extremely difficult to capture. As for change in direction and market sentiment? Well I challenge you to show me 5 good examples of where that has happened too.
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Super Contributor
bears have good reason to be ontop of their game today.
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ooops a daisy....i dont mind a bit of alsp and tickle ..what i do mind is being invecirated by a bear....
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that shud be slap and tickle
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Super Contributor
Nah, I'm good. Avg 30484 with ALMI, so not hurting yet. I dump some when it drops, then load up again when it rises. Smarter would have been to just buy the dips since I expected it to rise, but allow me to justify my position please :)
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Super Contributor
well Simon, theres no plate, the bulls have eaten it!They cant go hungry now. But the bears , well they waiting for the sewerage to flow!
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Super Contributor
im just an oppertunist wat ever made you think im only ever a bull...? Re:Once again it will be time for the bulls to step up to the plate... by Electrox on 02 Feb 16:15 talking about shorts the whole day i see.. i would only start now.. Re:Once again it will be time for the bulls to step up to the plate... by Electrox on 02 Feb 16:17 thought i'd give u a "tip" since you said we'll talk today
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jees electrox that reply wasnt even intended for you and who said u were just a bull?....u make this so much about u that your reply seems more than a little neurotic to me...
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Super Contributor
an old cartoon song comes to mind....Gummi Bears, bouncing here and there and everywhere...LOL
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Super Contributor
1. Market Globally looking for an excuse to take profits - well, when Greece deal is announced they might sell on facts. 2. Market overbought Therefore bears might have a party soon.
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Super Contributor
and we will party with them when the party starts...this is trading ...when the BEARS are strong well give them the BULLS on a banna leaf(no plate remember) for a quick buck!
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Super Contributor
I think i need to top up some more shorts Alsi Mar-12
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Super Contributor
sure it was intended for the gummi bears i presume..
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