The Traders succeed in creating the uptrend. However I still believe their swinging up strategy is still valid before 13 Dec and heavily down should not be happened in this two days. Reason 1. New Zealand , ECB and BOE announced rate cut today and tonight. The rate cut decision should be able to support the market. If the trader do not use this chance to keep the uptrend, how can they have enough room to dropped heavily in later time.
Besides, according to the history, around 15 Dec are the big swinging time. 4 Dec 2008 start to fall." Too Early". If you see the VIX, it seems enough room for lower. Only the market tell me whether i am wrong.
3-Dec
HSI Index 13588 Close Change 182 +1.36 %
Shanghai 1965.41 Close Change 75.78 +4.01
DJIA 8591 Close Change 172.6 + 2.05
Nasdaq 1492.39 Close Change 42.58 +2.94
3 mth USD LIBOR 2.2 Close Change -0.01
EUR/USD 1.2738 H, 1.2608 L 1.2668 Close
GBP/USD 1.4931H, 1.4667 L 1.4745 Close
USD/JPY 93.61 H, 92.58 L 93.1 Close
Gold 782.65 H, 765.85 L , 773 Close
Vix 65.37 H, 60.18 L 60.72 Close
4-Dec 5.19 pm the GBP is 1.4550 Dropped strictly before the ECB annoucement. Don't know whether it will rebound after rate cut decision. In this few time, if the cut rate is far more than the forecast. The rate will be more stable instead of drop heavily.
The strategy I prefer is to stock up the short ETF before 13 Dec. Of course, if there is gain, I will take some profit first.
Today the HSBC closed at 78.55. I suspected the lower GBP is the reason. When GBP is stable tonight. May be it will not drop significantly tomorrow in HK Market.
Today the HSBC closed at 78.55. I suspected the lower GBP is the reason. When GBP is stable tonight. May be it will not drop significantly tomorrow in HK Market.
Comments
14 Dec, FX 期貨全年結算日
17 Dec, S&P,Dow 期貨全年結算日.