Member Info for 1onic

It's kind of ironic that since the brexit farce started the UK economy, although no China, has outperformed the eurozone pretty convincingly

Lol, summary = DOOM (again). ;-)

Tops are a process most of the time. It's hard to see what's going to push the US indices to new highs. All the usual drivers, doveish Fed, tax cuts, China deal, seem to be having less affect.

And now there's the yield curve inversion, the more important term ones this time. I'm at a bit of a loss what political counter will settle the markets and my foray into gold stocks, as opposed to physical, is only a short term trade. As far as the 40% goes, it's similar to the dotcom and 2008 correction and is probably the classic 38.2% Fibonacci retracement

Used to pretend I was Kenny Roberts on this https://en.m.wikipedia.org/wiki/Yamaha_RD350_YPVS
I wasn't though and have the scars to prove it ;-)

My feeling is that's an ma20 falling like a brick (where the price is now) and I would have expected a fall to underlying support (86ish) if it had been significant, but it didn't...but on Monday after the US gets a little bit of weekend worries even a flat open will put the price above the ma20 and hopefully that's the corner turned (gold up too)

https://ibb.co/3djxk8B

Apols for the clipped chart

Fwiw, I finally managed to get a couple of hours observing the L2 pa on CEY. That was quite interesting, again a UT making up a large proportion of the total trades for the day. IG have changed the way they present the auction post MiFiD so it's hard to see what's actually happening re dark pools but without wishing to state the obvious there is a ii seller (just checked the TR1s and blackrock are selling down a bit but they are serial traders anyway).

At one point the auction was 4% down but finished slightly positive and still above the trendline. I've taken a bit of a punt at 92.20 because it looks like there's someone quite happy to hoover up Blackrocks or whomevers sales. I don't believe this is shorts closing but it's going to be towards the end of next week before the
compression around this price level plays out.

Statistically these are continuation (down) patterns but it's not that strong a correlation, hence my punt

That's the ascending wedge, red, then a break through the ascending broadening wedge blue, holding the 537 support...for now :-) Bit of techie fun for a Friday night

https://ibb.co/M9rSSM7

My feeling is that's an ma20 falling like a brick (where the price is now) and I would have expected a fall to underlying support (86ish) if it had been significant, but it didn't...but on Monday after the US gets a little bit of weekend worries even a flat open will put the price above the ma20 and hopefully that's the corner turned (gold up too)

https://ibb.co/3djxk8B

Apols for the clipped chart.

Fwiw, I finally managed to get a couple of hours observing the L2 pa on CEY. That was quite interesting, again a UT making up a large proportion of the total trades for the day. IG have changed the way they present the auction post MiFiD so it's hard to see what's actually happening re dark pools but without wishing to state the obvious there is a ii seller (just checked the TR1s and blackrock are selling down a bit but they are serial traders anyway).

At one point the auction was 4% down but finished slightly positive and still above the trendline. I've taken a bit of a punt at 92.20 because it looks like there's someone quite happy to hoover up Blackrocks or whomevers sales. I don't believe this is shorts closing but it's going to be towards the end of next week before the
compression around this price level plays out.

Statistically these are continuation (down) patterns but it's not that strong a correlation, hence my punt

ps tecas, Dow found support

pps Ionic (not a mm)

Yes I was clear as mud as usual. I meant the Dow for a bit of support. Been out all day so missed the news :-)

What happened, watch 537 cash

We wuz just 'aving a larf......

Jolly time last night trading the Dow as J Powell spoke and the market reacted a couple seconds later, during the press conference too. ;-)

Let's hope so Bear, imminent can be a lot longer than one might think. A 1.5 bid would have seemed unlikely a few weeks ago.

You can't even have a chat and a laugh on some boards anymore, sigh.

Every man has his price m ;-)

CEY conforming quite well to the plan. In the light of the improving PM prices it really needs a decent couple of days to confirm that trendline I hoped it was going to come off (it has stopped there today but..)

https://ibb.co/9T2Wxfg

What is going on, rto from pre school Chinese educational co....bizarre

Early birds ;-)

Bloomin Nora, that was wild. Happy it was a draw, even managed to listen to Sir Clive and Johnny after the game without calling them Sassenach ninnies :-)))))