High today was 1042.25, Low 1032 and Close 1036. I think we will get a bit less volatility next week, and a lot more upside than this week. I am lucky I am still alive to buy it.
So, the long weekend is over, and although I talked about monday having a fair chance of a last sell off, I of cause meant tuesday. It looked good when US fell yesterday, but Asia is up about a percent and people will soon realise we can't go down forever, perhaps already at the opening. It's gonna be interesting. Analysis still valid for the whole week though. This week is gonna be up, and I am buying only, if not something unexpected occurs.
Just like to know which broker and front end are u using for OMX? I have heard of fisher partners, are they any good? May be you can suggest a broker and some software for trading the OMX?
I am using Nordnet, and their Wintrade platform. I guess FIP are alright, but I have never used them. As I never take any advice from brokers anyway, I only look for cheap but dependable execution. Nordnet is ok in this regard.
Thanks for the prompt reply. I would like to get more info, do u have a contact at Nordnet? Can this broker support platforms like GLtrade or ORCExnet May be you can PM me his info and also how much comission are u paying? I head FIP charges something like EUR0.4 for executions excluding clearing. Is that expensive?
Market closed at 1041.5, after a high of 1042.75 and low of 1027.5. The low of course was just after open, and from there the market went higher all day, without much volatility or pullbacks. Of course, what was profitable last week, waiting for large swings up and down, and then standing aside, does not seem to work now. "Wise" from fridays debable, I did not chase after the market when it continued higher after some hesitancy after lunch. And of course, I was one step behind this new pattern and was worse off from it as usual. At least this day was profitable at 6 points.
The only thing that is worse than losing, is being right and not winning. The market has continued up, and when Nordeas report came out this morning at 9.30, it extended itself to 1052.75. We are back at 1048.75 now, and I am itching to buy, but since we have had such a strong move from 1027.5 yesterday morning without much pullback, I will stand on the sidelines a bit more to see if it can come down some more. And now we are up to 1049.75. Time 09.50.
And we are at 1046.25 and my fingers are itching even more. But I think that now when we got the pullback, the only way the market can surprise is to make it deeper than people would think, so I am waiting.