Hello Punters,
Good week of posts again. I love to read from GK, "trade what you see"!!
What a week! I re-read my short cuts from last week and FTSE, DAX and DOW followed my script!
They are my puppet!! LOL
Mower's Short cuts.
ASX 5509 (-19) The turn down was fairly predictable but the turn back up was earlier than I expected. Looks long from here. That heavy Res @ 5540 ish.
FTSE 6694 (-176) It came back off that Res alright! The 4th time. Look for a recovery at least to 6750.
DAX 9676 (-339) Predictably came back from that 10000 level, the 3rd time. I bet there was some money made on that. Flem is still dining out and drinking Grange!! Like FTSE is looking to recover. Back to 9750 then we will see.
For both FTSE and DAX the political tensions in middle east and Ukraine are unknown factors.
DOW 16955 (-110) Came back that 150 ish as predicted then bounce off EMA30 again! Back above 17000 I think. Top of rising channel would suggest 17100 will be tested. Now there is a crystal ball prediction.
S&P 500 1969. I have included this again as I know some here trade it. Quite well with out my comments I must add.
I post a chart. Notice how the recent dip bounced up off the EMA30 line. It makes a habit if this. Like DOW the rising channel would suggest a hit at 2000. We know a lot will short from there. Like DOW at 17000 and DAX at 10000. Note the R&S developing at 1950.
Cheers punters.
Oh the doggies over the Suns in Cairns. Bloody hell!! Had a drink on that GK?
