4100-4200 area which was my target has been succesfully reached......watching from the sideline after the target was reached.......now I have raised it to 4400, because there is still strenght in the market both in america and europe and it doesn' t seem the bounce is complete. However by the end of august it should be over. Just my personal point of view.......
spx
Started by
andr99
, Aug 16 2022 03:05 AM
5 replies to this topic
#1
andr99
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Posted 16 August 2022 - 03:05 AM
forever and only a V-E-N-E-T-K-E-N - langbard
#2
andr99
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Posted 17 August 2022 - 01:59 AM
looking also at Europe it seems that at the end of August the bounce should be over for western countries. However I will carefully avoid to get short on spx or any other American financial instrument, because I' ve got a rule :
''get short on the weakest'' which is italian index ftsemibtel and italian stocks
Edited by andr99, 17 August 2022 - 02:00 AM.
forever and only a V-E-N-E-T-K-E-N - langbard
#3
andr99
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Posted 17 August 2022 - 03:20 AM
there' s a good reason to get short on the ftsemibtel carefully avoiding to get short on the spx....the ftsemibtel has not even retraced a mere 38% of its fall from last year highs, while the spx has almost retraced 61.8%
when you are hunting look at the weakest prey, it's a law of nature. Learn from the lions and other predators
Edited by andr99, 17 August 2022 - 03:21 AM.
forever and only a V-E-N-E-T-K-E-N - langbard
#4
andr99
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Posted 17 August 2022 - 04:34 AM
however ftsemibtel hasn' t yet topped.....and that's true for America too. I' m waiting for them all to peak and to stall a bit before calling it a top. The perfect set up would be a peak, then a little dip of two or three days, then an
attempt at recovering the dip that should fail and start the bearish dances
Edited by andr99, 17 August 2022 - 04:35 AM.
forever and only a V-E-N-E-T-K-E-N - langbard
#5
andr99
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Posted 18 August 2022 - 10:56 AM
the tragic thing in bear markets is that even though you may know the direction of the next move, to catch the perfect entry point that doesn' t leave you with any initial draw down, is a battle
forever and only a V-E-N-E-T-K-E-N - langbard
#6
andr99
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Posted 18 August 2022 - 11:30 AM
Milan based ftsemibtel up 1% today.....after a confusing session. Dynamic trend line broken to the upside. Now it's clear there's 4% or 5% more to get before marking the top. Let's see if that is also the path of spx and dax....we' re not so far however.....to me it's end of August, no longer than that
forever and only a V-E-N-E-T-K-E-N - langbard
