Retesting trendline resistance, I expect it to fail there and resume the downtrend.

For sure, im talking about longer term, trouble is so many people have that intention and end up getting 'stuck' in trades

I too am shocked people are buying into this reversal/dip whatever you want to call it. Getting long on the dollar seems the only sensible thing to do here for longer term

Makes perfect sense to me bro, in fact cable has spent a relatively short time above 1.74 - 2.0 area compared with levels below these, sorry my chart im using to post doesnt go back too far

S&P falling and dollar rallying on good news seems like a dangerous combination to me

looks like IGindex/IGmarkets to me

SP500 looks a little top heavy at the moment also, I dont have a position open on it, and dont plan one either

HDA Thank you for your guidance Goodnight

Sorry for the missunderstanding, that was what i was reading between the lines that you told me to read between.

So you are an institution after all, im glad we cleared that up.

HDA, an institutional account is for an institution, and a personal account is for an individual. You can have either at most organisations i have dealt with in the past and no disadvantages of the personal account that I was aware of. If you have ...

If you dont wish for me to bestow such accolades on you then your mediocre guidance would suffice. Thanks

I have had 'institutional accounts' as you call them with various brokers, MFglobal, Fortis then Abn amro, Deutsche. Never had any advantages apart from negotiable charges and more complex statements which are quite annoying if you dont have a back ...

HDA Maybe i'm being a bit thick here but please explain to me the difference between an institutional account if you dont work for an institution? Why have one and not a regular account? You can open an 'institutional account' as you call it with ...

We are not out of the rising wedge yet Navin, im still holding short and will be until proven otherwise, like you said

Navin did you really close out?

A chart for everyone looking to buy the 'breakout' and looking for pullbacks.

Brilliant... Also if you send me 10% of your winners I will call her again before the next FOMC meeting for you

She said Cable is going down for sure, take profit at 1.6050

give me a min I will go get Janet on the line and i'll let you know