Archive for April, 2011

Missed my chance

Tue, 26th Apr 2011 Leave a comment

I’ve had a couple of opportunities to get back in at 20 points below my exit, but I was greedy and didn’t take them. The FTSE has taken off today so I think I’ll bank my profit and wait for the next move.

Categories: Betting

That’s more like it!

Wed, 20th Apr 2011 Leave a comment

FTSE-100 at 19th April 2011Wed. 1:20 pm – I have closed my bet within 24 hours for a 116 point profit. I think this rebound has much further to run, but I intend to roll-up my bet accumulator style. The FTSE often slips back slightly in the run up to the US open on days where it has had a good run in the morning and I am going to wait and see if I can buy back in a bit cheaper. Of course, I may be being too clever by half, but we’ll just have to wait and see.

Categories: Betting

Time to stop procrastinating!

Tue, 19th Apr 2011 Leave a comment

Tue 1:30pm – the FTSE has been bouncing along 5900 all morning and so I’ve decided to take the plunge and bet on the rebound. I have bought June FTSE at 5870 (index at 5909). The Dow shows signs of picking up and I am trying to ignore the messages though I have very little confidence in my judgement as a result of them.

Categories: Betting, Lunacy

Not quite convinced yet

Tue, 19th Apr 2011 Leave a comment

FTSE-100 at 18th April 2011The FTSE has fallen rapidly to below my 5900 target, but the fall was so fast I am now looking at 5800 as the next support level. The conspirators are saying it will get that low as well, so it probably won’t, but they have put enough doubt in my mind that I am reluctant to bet on the rebound just yet. Yesterday’s threat by Standard and Poor’s to downgrade US government debt if they don’t sort out their budget deficit soon (which is what spooked the market) is all a bit of a storm in a teacup and I would expect a smartish rebound once it blows over.

Categories: Betting, Lunacy

So far, so good …

Sun, 17th Apr 2011 Leave a comment

FTSE-100 at 15th April 2011… there’s been a bit of a dip in the FTSE this week, but I was expecting a drop to below the 20-day moving average by now.  I think there is still a chance of the FTSE making 5900 (probably very briefly) as inflation concerns are still prevalent, though the mavg is rising quickly and my target could be met by a continuation sideways, just waiting for it to catch up.

Categories: Betting

Running out of steam?

Sat, 9th Apr 2011 Leave a comment

FTSE-100 at 11th April 2011Well, the FTSE has continued to rise, as predicted in my last post, but seems to be running out of steam now having been bouncing along 6000 for a few days. I think a pause for breath is in order with a brief dip to below the 20-day moving average after perhaps one more bounce. I would expect that to be followed by a move to new highs, though I am not convinced that this rally will last too much longer. With official interest rates finally starting to rise (the ECB raised its rate by a quarter percent this week) I think the end could be nigh.

Categories: Betting