{"id":1315,"date":"2019-10-30T23:25:46","date_gmt":"2019-10-30T23:25:46","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=1315"},"modified":"2019-10-31T09:07:54","modified_gmt":"2019-10-31T09:07:54","slug":"eurasia-again-for-31-10-2019","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2019\/10\/30\/eurasia-again-for-31-10-2019\/","title":{"rendered":"Eurasia (again) for 31\/10\/2019"},"content":{"rendered":"\n

#SP500 #Japan <\/strong>Eurasia rather neatly illustrated why timeframes are difficult. No-one realistically expected a 223% rise through ALL our targets (link) in just 3 days but #Eurasia managed. Today, assisting a chum with a pre-demolition survey gave a sharp reminder why care is needed, when things go volatile. <\/p>\n\n\n\n

We were at a mid 1800’s villa, a completely overgrown \nstructure destined for landfill. My “job”, ensuring my chum didn’t find himself \ntrapped in a remote location in Argyll, such was the dodgy nature of the \nbuilding. More importantly, it was an excuse to bring a big chainsaw to create \naccess to the property. Ivy had grown quite energetically with the result we \nsimply could not see the roofline of the derelict house. Worse, Larch and \nHawthorne trees had claimed ownership of the gardens, some of the hawthorns \ngrowing against the outer walls of the building. A particular tree gave concern, \nvanishing into the mass of Ivy with the result an initial chainsaw cut ended in \nblissful silence, using a handsaw. If things are going to go wrong, generally \nalarming sounds will come from a tree. If using a chainsaw, the noise of the \nmachine plus ear protection can catch the unwary.<\/p>\n\n\n\n

In this instance, the tree trunk suddenly shattered, \nalong with interesting groans from overhead. We’d already planned escape routes \nand fled. The tree had been holding an immense mass of ivy, all of which \ndiscovered gravity. This was the start of a lively process, the roof collapsing \ninward and the exterior wall following. Essentially, the building was held up by \nvegetation alone and our pre-demo survey turned into an accidental demolition, \none we’d thankfully prepped for.<\/p>\n\n\n\n

To be honest, it was all great fun and a sharp reminder \nthings which go up can also come down, fast! Which finally brings us to Eurasia \nfor the 2nd time this week. <\/p>\n\n\n\n

To give a perspective against this, we’re showing two \ncharts. The upper chart shows minute by minute movements since the market opened \non Monday morning, following our report on Sunday evening. It’s always \ninteresting and useful to see how a price reacts when a target level is \nachieved.<\/p>\n\n\n\n

Often, we will say something like, “if exceeded, our \nsecondary calculates at …” but sometimes we remember to write; “if exceeded on \nthe initial surge, secondary calculates at…”. Showing Eurasia in detail mode \ntends highlight the logic behind this. When the price hit Target 1, it exceeded \nit. When the price hit Target 2, it exceeded it. When the price hit Target 3, it \nexceeded it. <\/p>\n\n\n\n

And when the price hit Target 4, yes, it did exceed \ntarget but as the ZigZag shows, the share was manipulated upward at the open. \nSo, even though the target level we’d mooted on Sunday evening was actually \ndramatically exceeded by 0.5p, the price had been gapped up by 0.4p to ensure \nthis happened. The ensuing reversal thereafter to 2p wasn’t exactly a surprise. \nAs the chart shows, the price attempted further breaks above 3.5 but eventually \nit failed and the inevitable occurred.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

So what now. Is the price about to disappear into a \nhole in the Ural Mountains, faster than Spanish riot policemen chasing tourists \nin Barcelona?<\/p>\n\n\n\n

Certainly, we’ll be quite concerned if it trades (as \nopposed to forced down in the opening second) below 2p. Such a movement risks \nquite nasty reversal with 1.7 calculating as possible and secondary, if broken, \ncomes along at 1.10p. We’d certainly hope for a bounce around the 1.10p mark but \nthanks to that gap, the price risks 0.9 before a rebound.<\/p>\n\n\n\n

However, we’ve a sneaking suspicion the share will \nprobably mess around a while, ideally with 2p as the bottom of a trading range. \nWe’re not ignoring the salient detail of our 3.56p ambition being exceeded, even \nwhen we factor in the 0.4p gap. As a result, anything now above 4.03p should \nprove capable of a lift to 5.25 with secondary, if exceeded on the initial \nsurge, calculating at 7.25p. <\/p>\n\n\n\n

Visually, it appears the 10p level is the longer term \nthing to watch. Only if this lot find an excuse to trade above such a level \nshall we anticipate further fireworks, rather than a horror story.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n<\/p>\n\n\n
\n\t

Time Issued<\/font><\/TD>

\n\t

Market<\/font><\/TD>

\n\t

Price At Issue<\/font><\/TD>

\n\t

Short Entry<\/font><\/TD>

\n\t

Fast Exit<\/font><\/TD>

\n\t

Slow Exit<\/font><\/TD>

\n\t

Stop<\/font><\/TD>

\n\t

Long Entry<\/font><\/TD>

\n\t

Fast Exit<\/font><\/TD>

\n\t

Slow Exit<\/font><\/TD>

\n\t

Stop<\/font><\/TD>

\n\t

Prior<\/font><\/TD> <\/TR>\nFUTURES<\/font><\/a>

\n\t

10:40:04PM<\/font><\/TD>

\n\t

BRENT<\/font><\/TD>

\n\t

60.24<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

10:45:10PM<\/font><\/TD>

\n\t

GOLD<\/font><\/TD>

\n\t

1495.42<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

Shambles<\/font><\/TD> <\/TR>\n

\n\t

10:47:30PM<\/font><\/TD>

\n\t

FTSE<\/font><\/TD>

\n\t

7336.33<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

10:49:20PM<\/font><\/TD>

\n\t

FRANCE<\/font><\/TD>

\n\t

5774.7<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

Success<\/font><\/TD> <\/TR>\n

\n\t

10:58:26PM<\/font><\/TD>

\n\t

GERMANY<\/font><\/TD>

\n\t

12937<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

10:59:44PM<\/font><\/TD>

\n\t

US500<\/font><\/TD>

\n\t

3050.72<\/font><\/TD>

\n\t

3024<\/font><\/TD>

\n\t

3010.5<\/font><\/TD>

\n\t

2995<\/font><\/TD>

\n\t

3045<\/font><\/TD>

\n\t

3054<\/font><\/TD>

\n\t

3060<\/font><\/TD>

\n\t

3072<\/font><\/TD>

\n\t

3026<\/font><\/TD>

\n\t

<\/TD> <\/TR>\n

\n\t

11:02:35PM<\/font><\/TD>

\n\t

DOW<\/font><\/TD>

\n\t

27217.4<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

Shambles<\/font><\/TD> <\/TR>\n

\n\t

11:04:22PM<\/font><\/TD>

\n\t

NASDAQ<\/font><\/TD>

\n\t

8113.25<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

11:06:20PM<\/font><\/TD>

\n\t

JAPAN<\/font><\/TD>

\n\t

22934<\/font><\/TD>

\n\t

22792<\/font><\/TD>

\n\t

22752<\/font><\/TD>

\n\t

22675<\/font><\/TD>

\n\t

22918<\/font><\/TD>

\n\t

22956<\/font><\/TD>

\n\t

22967<\/font><\/TD>

\n\t

23035<\/font><\/TD>

\n\t

22838<\/font><\/TD>

\n\t

Success<\/font><\/TD> <\/TR>\n\n<\/TABLE>\n\n

 <\/p>\n

 <\/p>\n

30\/10\/2019 FTSE Closed at 7330 points. Change of 0.33%. Total value traded through LSE was: \u00a3 5,484,235,986 a change of 6.15%<\/h><\/p>\n
29\/10\/2019 FTSE Closed at 7306 points. Change of -0.34%. Total value traded through LSE was: \u00a3 5,166,736,018 a change of 9.98%<\/h><\/p>\n
28\/10\/2019 FTSE Closed at 7331 points. Change of 0.1%. Total value traded through LSE was: \u00a3 4,697,887,789 a change of 4.65%<\/h><\/p>\n
25\/10\/2019 FTSE Closed at 7324 points. Change of -0.05%. Total value traded through LSE was: \u00a3 4,489,255,680 a change of -20.08%<\/h><\/p>\n
24\/10\/2019 FTSE Closed at 7328 points. Change of 0.94%. Total value traded through LSE was: \u00a3 5,617,068,603 a change of -3.47%<\/h><\/p>\n
23\/10\/2019 FTSE Closed at 7260 points. Change of 0.67%. Total value traded through LSE was: \u00a3 5,818,863,244 a change of 3.71%<\/h><\/p>\n
22\/10\/2019 FTSE Closed at 7212 points. Change of 0.68%. Total value traded through LSE was: \u00a3 5,610,839,707 a change of -3.73%<\/h><\/p>\n\n\n","protected":false},"excerpt":{"rendered":"

#SP500 #Japan Eurasia rather neatly illustrated why timeframes are difficult. No-one realistically expected a 223% rise through ALL our targets (link) in just 3 days but #Eurasia managed. Today, assisting a chum with a pre-demolition survey gave a sharp reminder why care is needed, when things go volatile. We were at a mid 1800’s villa, … <\/p>\n

Continue reading “Eurasia (again) for 31\/10\/2019”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1315","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1315","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/comments?post=1315"}],"version-history":[{"count":1,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1315\/revisions"}],"predecessor-version":[{"id":1316,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1315\/revisions\/1316"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=1315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=1315"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=1315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}