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Yes it looks to be recovering a bit for now,
It seems like there may be a bit more volatility this week which will be good for trading the swings - remember how you felt this time last week - I think roughly the same, but look at how the week evolved for you.
I agree.
Dow coming back a bit, not surprising after their big opening shake. Hoping this will give the ftse some confidence.
I am not expecting to trade again today. Glad my market maker(s) haven't got a "liquidate" button! LOL
I haven't stopped laughing yet - so funny.
I'm waiting until nearer the close to make my next move - I think we will see a bounce tomorrow - how much of one I don't know, and glad that you showed some discipline as it can be so easy to buy become somethings gone down - there's always a chance that it can go lower - I'm thinking maybe £12.64ish here - and remember Rule 8.
If you want to do something, maybe wait until near the close to see if there's a definite shake in what you want to buy?
had some tea, looked at the leaves and still don't know diddly squat about what will happen except that futures for washing up looks more certain.
OCDO holding firm. Seems to be hanging on to 1280. Has stronger pushes up than down so I am seeing that as a positive indication. Thought I could see slight recovery in FTSE but fooling myself....perhaps later.
Was tempted to buy another tranche of IG but overdoing the spending lately.
Yes I agree about the catalyst - wrong choice of words from me more than anything.
We had a massive rally on the FTSE on Friday because of the economic data whereas the Dow had a sell off because of the virus which is continuing today. I'm hopeful that we have steadied for now, but I wouldn't be surprised to see another sell off before we close and then a positive day tomorrow.
It has steadied a little now. I think the virus was the catalyst rather than the reason Treacle. Lot of analysts have been warning that there was a certain amount of over exuberance/relief after uk election and that it was not related to whats actually happening in the global economy, no that the two things are ever particularly related! It does feel a bit like the reason for market buoyancy has more to do with what the hell to do with cash. Zero interest rates, top property prices, mortgage uptake declines. Last year I was looking for growth this year its looking for 'safe' dividends.
I've been watching Bloomberg this morning and one of the analysts were saying that they needed a 5-10% pullback first to then go forward - some feel that the virus may be the reason for the pullback and people should be buying on the dip.
Big fall big, bounce maybe. They guy who called the Dow to rise 30% last year is expecting similar this year and talks of another 10 year bull run. Could be a slight intermission at least!
Wow. Dow open 1 minute and straight down 500 or 1.7%
Thanks O - that's my feelings as well.
Dow futures point to 350-400 drop. 'A pull back of 3-5% would be healthy creating a buying spree next week after results' according to one commentator. I thought about buying this morning but then the market recovered again now looking a little nervous before US open. Expectations are that Carona virus will not turn into a pandemic but could still be a bit of a catalyst in stalling the global economy. Don't see huge amount to be made waiting for further drop, but wouldn't rush into anything till Dow opens and settles. As ever leave yourself room to trade
Then don't throw any more money into it as they can go down another 5% - trade the spikes and the shakes instead? Regardless of what the share price is, you've still got x amount of shares - go back to yesterday when I was telling you how I explained to my friend how the swings in prices impacted either number of shares/money in the bank and start thinking in terms of number of shares instead - I'm only saying that because I've learnt its the only way I forget what the share price and profit/loss is so stops me from panicking/worrying.
It is your choice I appreciate - looking at the graph in fairness it is looking to bottom, but one word of caution, it looks like the DOW futures are falling further so that could have a knock on effect here and if it does, you may have the chance to buy more on a shake at market open before a rebound.
True, thing is I have to restrain myself from buying more of those shares that are down 5% in anticipation of the recovery.
OCDO holding at 1280, certainly some resistance there. I don't know, perhaps it's wishful thinking but feel they will close above 1295, could even make1305 maybe. Just can't see them down at 1265. Haven't seen US future info lately but I am expecting a couple of % off their indexes. If no more than that, I could see ftse recover somewhat, maybe to end day at -1.75%
To resume trading 3/2.
Was going to say, at least you know the shares that are being hammered by 5% are the ones that always benefit with a good rise when the market turns.