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Rally set to continue friday?

  • 30-10-2008 7:06pm
    #1
    ranger4
    Registered Users, Registered Users 2 Posts: 1,370 ✭✭✭


    Are we likely to see this weeks rally continue with tommorows trade.


Comments

  • #2
    ranger4
    Registered Users, Registered Users 2 Posts: 1,370 ✭✭✭ranger4


    ranger4 wrote: »
    Are we likely to see this weeks rally continue with tommorows trade.

    I guess not.


  • #3
    silverharp
    Registered Users, Registered Users 2 Posts: 18,854 ✭✭✭✭silverharp


    I'm looking to go short the Dax , S&P/Dow between today and Monday, a turn may have happened but in the S&P would be looking for a failure at 970ish or just under 1000 if they cant rally today I'd put in sell orders below yesterdays lows. as always max loss should be 2% of your account

    A belief in gender identity involves a level of faith as there is nothing tangible to prove its existence which, as something divorced from the physical body, is similar to the idea of a soul. - Colette Colfer



  • #4
    ranger4
    Registered Users, Registered Users 2 Posts: 1,370 ✭✭✭ranger4


    silverharp wrote: »
    I'm looking to go short the Dax , S&P/Dow between today and Monday, a turn may have happened but in the S&P would be looking for a failure at 970ish or just under 1000 if they cant rally today I'd put in sell orders below yesterdays lows. as always max loss should be 2% of your account

    Ive been day trading banks, making some profit by getting in and out sameday markets very volitile, Has the markets allready priced in a expected 50 basis point intrest rate reduction by ecb and uk for next week?


  • #5
    silverharp
    Registered Users, Registered Users 2 Posts: 18,854 ✭✭✭✭silverharp


    ranger4 wrote: »
    Ive been day trading banks, making some profit by getting in and out sameday markets very volitile, Has the markets allready priced in a expected 50 basis point intrest rate reduction by ecb and uk for next week?

    Probably similar to US, the market is expecting it so it would only be a shocker if they didnt cut, and since the ecb know this I guess theyll cut.
    However a lot can happen in the markets before then so keep an eye on the Dow and S&P over the next couple of days, if we start losing daily support or failed breakouts there should be some nice downside action

    A belief in gender identity involves a level of faith as there is nothing tangible to prove its existence which, as something divorced from the physical body, is similar to the idea of a soul. - Colette Colfer



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