Good (Tuesday) morning everyone.
Hmmm. I see the 'euphoria' has 'set in'!!! As fast as 'they' went down as fast as 'they' are going up!!! DO NOT BE TEMPTED folks!!! I'm 'holding on' to my 'Delta Phenomenon' 'prophecies' for now in spite of my 'niggle naggly little doubts'. Today is 'pumpkin day' i.e. 14 October 2008 and while we will probably close higher today (unfortuanately 'The Delta Phenomenon' is not accurate to 'the day') I believe our next leg down is imminent so don't get too carried away with GBP/??? and EUR/??? longs and USD/??? shorts. Put it this way: if I'm long and in profit on any of those pairs by the close tonight I'm taking profit and I'm 'out' of them.
I know you'll appreciate this Boca:
I'm having 'a whale of a time' trading the Dow, Nasdaq, S&P, and DAX (all the Futures Contracts) using Pivot Points as per Mr Carter!!! It's the only way you can trade these markets at the moment from what I can see. I'm also watching and waiting for a signal from his 'squeeze' but I have not got to a point where BOTH the upper and lower Bollinger Bands are inside the Keltner Channels (well: on the one occasion this DID happen the trade was 'bad' i.e. the Bollinger Bands moved outside of the Keltner Channels but by the time the Momentum Indicator had given an exit signal the trade was already 'south'). (Sorry: I know that was 'off topic' but if you have Carter's book, as some of you do, you'll know what I'm talking about).
Other than that: I've nothing to add really. Our trading systems are all 'holding up' as best they can from what I can see so just 'hang in there' i.e. these are 'trying times' I'll tell you.
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