That's 8 trades today and just slightly better than BE so far! Dog fight today for me compared to yesterday
Government officials and public academics will always lag in their declaration that the peak has passed. In general, this is to have people continue to act in a safe manner, but it also heavily rooted in self preservation of their reputations. The peak though has passed and we are on the downside of this outbreak now in The UK and Europe as a whole.
The only reason I have trades this morning is the "chop" legs are the length of normal market daily ranges. In "normal" range PA, I would just be sitting.
As i said the panic selloff is over. Instead of trading in 5-10 min like the last 4 weeks i think time frames will have to be hr's with more risk attached .I was looking so many stocks still 30-50% above their lows 10 days ago.
We need a happy tune. Of all his songs, I love this one best. Its the words I guess. Crank it up fella's. As loud as it'll go. "If we couldn't laugh, we'd all go insane." Reading departure signs in some big airport Reminds me of the places I've been. Visions of good times that brought so much pleasure Makes me want to go back again. If it suddenly ended tomorrow, I could somehow adjust to the fall. Good times and riches and son of a bitches, I've seen more than I can recall The studio version is best, but here's cool live one.
Mid-term I think it still has plenty of room to go down, but 20 flat should be a battlefield... test, breakout... no, wait, it went back up, test... holds, test, NOW is breaking, then bounce again... I think it's low enough to attract bargain hunters, but not so low it cannot go down significantly, particularly once they finish filling up the strategic reserves.