Well I still stick to my opinions about shorting the DOW.. Had a hard look at the figures today... closed 3 March contracts from an average of 10928 at 10790. I know its pointless to talk money on a BB but its £15180..important to me.. 4 still running at an average of 10908 but will close at 10828... 3 FTSE running at an average loss of 112 points each (£5040) will hang on in till March or until 160 points against me.
Will pile in DOW at 745 and review at 400..(IF/WHEN)..got the margin now to have a good punt..Its crazy I know but I just feel the January sell off even though it goes against historical stats... Its the juicy look at Jan 2005 that helps and the way money went from the US in the last 2 days into Japan ....while they are supposed to be still eating turkey... My wife has got Anglo from an average of £7.28 (4 years) she works for them and is hanging on for £20 plus. I am gonna do my best to get her out in the morning for half of them if not the lot..
Do not expect any volume change on the DOW tommorow but any sign that its not the fact then I will be at it big time either way the trend.
Good luck...(I appreciate opinions and reasoning from last night) Rags
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