December 2011

As a bit of light hearted fun to pass away the holidays I'm running a competition on my ADVFN forum for the most outrageous 2012 economic predictions - with a prize for the most unlikely one that becomes reality. Here's a few I've entered..... 1. DOW yearly candle produces an outside bar (higher high and lower low). 2. Retail sector becomes the big story of 2012 and outperforms by miles whilst financials flat line. 3. political issues in the East cause major oil supply disruption and prices briefly spike to over

Whilst volumes are low this week I've taken a break from hunting out new swing trades and will be spending my time day trading Indices. Here follows my current trading map of the DOW: On  4 hourly I have a line at 12,322 Absolutely no idea why I've put this line there and no idea why I've only got it on the 4 hourly time frame. Whatever made me put it there in the first place (a long time ago) would have been a good