Greetings ammo. The ECB specifically stated there will be no sovereign QE. They are focused on buying high quality private sector debt. So austerity prevails in Europe and there is no forthcoming ECB QE that will flow directly into equities. Eventually the ABS program might help, but that will be 6 months to a year out in terms of that liquidity finally trickling into equity portfolios. I am long RUT puts from 1180 for the trend line break and consequent test of 1165. Some of that is off now and I will take another piece at 65 with rest held for more tomorrow to see if we can follow through to RUT 50 or less.
Good call on my part today. If I could be this deadly accurate everyday I'd be on the beach sipping margaritas
thnx red, are you handcharting, picking up the gist of this mp? http://i.imgur.com/6974AuC.png 93-86 cash 30 day http://i.imgur.com/L6D67GJ.png 9 month
Hi Ammo, I haven't done any recently as I think its best to do it live (for the 30min profiles). I was downloading the data and doing it by hand later at night. It seemed a bit meaningless. I would also like to plot price against the chart too, to give a clearer picture of what is going on. Any recommendations would be appreciated.
(avg 03.93, reduce 04.5...reduce 3.25add 06 75 reduce 98 75, with ya builder add 04.5 add 2009 75...avg 2007 edit add 09 avg 07 7/16reduce 98.75 keep an eye on that dvol spike and uvol flatline since 1 30 central) reduce 92
you can do it later ,non live, the repetition would help you forecast the small moves,cleavage fills nip targets,get you familiar with drawing the charts , i have never done that other than to rechart to clean up or discard an old chart, doing it live would give you the chance to predict and be right or wrong and try to figure out why, narrowing down, discarding false beliefs, and recognize percentages, strong chance 50/50 or low chance of, if this, then that, happening