Posted in: spread-betting
RE: Trading/Spreadbetting board5 Nov 2014 10:43
Good Morning All -----Yes SirG , where is the top indeed ?? ---i would not rule out the Dow attempting 17500 or more before a meaningful consolidation !! --that would put it technically into RSI Overbought --it went well into overbought 5 times last year but as yet this year only once ( back in early january )----caution needs to be taken when going short now esp. with the japanese stimulus package just announced , cheaper money , oil and gold prices on a continual slide --- there does appear to be a line in the sand around 17400 , which it has justed bounced off again this morning !! i went short at 17440 early this morning and closed at 17410 for 30 pts, ---i'm out of the Dow at the moment and am watching the channel 17400 /17450 --i do have a small Dax long running again --but my opinion is that the biggest gains will eventually be seen on the Dow -- i wish everyone GL and good trading ---