The carnage and hysteria continues with the Dow and FTSE shedding value at unprecedented rates. The 9/11 terrorist attack in the US saw an approx 2,100 point drop in the Dow and 1,100 in the FTSE. The crash of 2008 saw 7,700 off the Dow and 2,900 off the FTSE. Since mid January when the (preceived!) severity of the Coronavirus first surfaced, the Dow has plummeted 9,400 points and the FTSE 2,800. Even in just the last 24 hours, things seem to be accelerating with the Dow shedding another 3,000 points and the FTSE 860 with a slight recovery in both later in the session.
Yet again and despite all this, Dom trades in both long and short directions were absolutely spot on.
Again we had high volatility in all instruments with a huge maximum potential of 2,290 points from specific Max Day Trading time/price level entries from the London morning session alone, with a target of just 30.
A 10% target of this figure would have yielded a minimum of 229 net points from specific Max Day Trading time/price level entries, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
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