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After being - 10% down on the opening we're now only -3% down.
If it stays lno worse than -5% in afternoon once DOW pens then its not too bad.
LONG TERM there's no worries for UK economy.....well done to the patriotic brits who have had enough!!
That just confirms what I keep on saying about hedge funds + brokers
They are clueless & most importantly for them, they don't play with their own money!!
AAL now + 3.4% today where I think it will have a breather very soon.
BUT overall FTSE & MINING (AAL) going up to the moon.
Unless this drops below 550-ish then imo overall we're doing just fine.
The ftse confirmed a H&S formation last wed - thurs, so along with fear of britex the drop has been significant.
The gap below at 5,943 was filled yesterday afternoon so we're now rising hopefully towards 6,030-ish where we may see head wind again.
RE = AAL DO NO PANIC.
word of warning,
I can tell you which way the DOW or FTSE will go, but AAL is so manipulated that I only have a fair idea.....lol
I never studied the gold charts much, so if no manipulation by the MM's then I stand by what I said earlier.
I be watching with interest too.
I went LONG earlier this evening on DOW at 16,695 then got out a little too quickly at 16,760.
it just hit 16,800 so lets hope AAL spikes up in the morning.
We are still in a good position, but if we were to drop by say another 10% or more within the next few days then the chart could turn negative, but until then I still hold & hope today was just a over done breather!