Hi all, declaration. Open positions. Short ASX and FTSE.
Mower's Short Cuts! ASX@5304. (change on week -145)Previous week was flat. This week all down. All indicators pointing down. Big red Friday so it could recover a little Monday. Global mood is bearish. Where to? Recent bottom support at ~5040. Some support at higher levels. Depends on China I suppose. Don't close yet GK!
FTSE@6524. (change on week -212)I forecast this as a short last week and all has happened. RSI 31! All indicators pointing down. This chart is more advanced than ASX. There may be another 100 points in it. Support ~6430.
Germany 30 DAX @ 9041. (change on week -352) Last week I suggested it was a short but was at support. That support disappeared. Down all week. Fell a long way quickly and is well below EMA10. Futures since close are green, a little. RSI has been below 30. Recent support at ~9000. Could be due for a slight breather. No sign of really turning up.
DOW @ 16058. (change on week -388) Last 2 weeks I have said you cannot keep this down with a brick. Well the Chinese and Russians found a sledge hammer and hit it down. It did bounce down off res at 16500 mentioned last week. I said "could be tested". Not this time. How far?? This is a tough animal to tame. 15800 sees support. Then 15400!!!!
China A50 @ 6455. (change on week -69) As posted this one marches to a different drum. Still in down trend and following EMA10. Shows early signs of bottom, but still a short for me. I do not trade this one. GK has the big kahunas! I would welcome your chart take as someone who trades it.
Japan @ 14221. (change on week -1098!!) 3 days wiped off 3 weeks up-trend gains! A huge change during the week. A week ago all looked up. 2 big red candles changed that. All indicators look down. Support 14000.
Spain35 @ 9793. (change on week -415) The yo-yo channel was broken down. It is around recent support. EMA and MACD crossed down. You need to be on your game to trade this one. Someone on the forum does I think. There is $ to be made if you want to watch it all night. Not for me.
