Posted in: spread-betting
RE: Trading/Spreadbetting board5 Dec 2014 13:09
Good Afternoon All ---Off to do a bit of "crimbo " shopping with my good lady , so will have to raid the "piggy bank" !! (lol) --looking forward to it ( NOT) ---
Well, Dow Futs testing yesterdays high ( ignoring the weird little spike to 17937 ) at 17932 again today i see ?? ---still sitting at 82.0 on the Daily RSI ( overbought ) . It will pull-back/ fall/ tumble ---pick your own scenario . History shows us that it will always take place from these dizzy heights !! --just when and by how much is the 64 million dollar question ?? ----it may well rise to the next touch at 17950/17960 ish level as previously mentioned ---perhaps even 18000 intra-day , but it WILL drop from these levels as the 30 stocks making up the DJI30 are almost all well "over-valued " at this moment in time , so traders/investors will lock in profits soon !! ----this has all been my own VHO so don't come knocking on my door if it goes to 20000 without a break !!!! (lol) ---and it could just do that ( nah , you're 'aving a laugh ain't ya , budd ?? ) ???? -----GLA.