Ironore fails at 200dma, Now range bound between MOAT (Mother of all Trendlines) and 200dma (Mother of all Moving averages).
Silver - I suspect a final dip buying opportunity soon. Mother of all Dips
Still in the Sell everything mode until day of the FOMC Minutes/maybe the day after. The correlation with Market drops and Trump Polls is plain to see. Some nervous Dems out there! The aim is to associate a popular/winning Trump with falling markets.
Just some market musings while UFO is in snooze mode.
RE: SP should be 0.5p with the current iron ore price. Recovery time.6 Oct 2024 11:31
So why do markets do /\ or \/ shaped moves on big events? What do the Hedge funds do when they dont know the outcome but make loads of cash on the volatility anyways? Regardless of being a big fish or small fish. Be a clever fish.
RE: SP should be 0.5p with the current iron ore price. Recovery time.6 Oct 2024 10:47
Watching keenly for a Super Trend day before/after the Wednesday Minutes, where everything moves in 1 direction in the Asia, Europe & US opening hours. This will be a trap IMO.
RE: SP should be 0.5p with the current iron ore price. Recovery time.6 Oct 2024 10:39
Wise move Sin.
Wednesday is FOMC Minutes released at 7pm UK time. Its a big event following the 0.5 rate cut in the US. In 2007 this event signalled the TOP for stocks! Big moves everywhere coming next week. Roll the dice for direction.
RE: SP should be 0.5p with the current iron ore price. Recovery time.3 Oct 2024 19:52
No, but its full of nuggets. Thats part of the problem getting a resource i believe. Sporadic & nuggety.
Dont be suprised if Silver gets an almighty smackdown tomorrow NFP. Then every chance to breakout Friday on fears of more escalation in ME. Ill be risking some short tem PUTs and long term CALLS tonight. decent hedge setup.
RE: SP should be 0.5p with the current iron ore price. Recovery time.3 Oct 2024 14:55
FUN FACT: On the Indexes, after the 18th 5 minute bar. its a 95% certainty that EITHER the high or low of the day has been reached. Only 5% of the time you get a new high AND a new low on the day!
RE: SP should be 0.5p with the current iron ore price. Recovery time.3 Oct 2024 11:07
1st Target = Top of weekly BB = top of Maegaphone = 15m mcap = sensible. By that time every man and his dog will be calling for 1p. but we bought the VALUE and the FEAR. We do things the right way.
RE: Latest interview.. Anyone make sense of that sentence?3 Oct 2024 09:13
Looking a little better now. Long way to go. I suspect the next round of funding gets front run. Big move coming in the next several weeks fueled on speculation and solid news. Top of Megaphone is target. NG closed, DAX closed- flipping Long soon.