TRAMLINE TRADERS

Bitcoin bounces, Dow surges and Gold flops

September 16, 2017 // 0 Comments

Last Saturday, I posted my thoughts on Bitcoin and concluded the bubble was about to burst. This was the daily chart I showed at the time The Elliott waves were pretty clear – the 1 September high at $4,923 was the final high of wave 5 of 5 and the Friday 8 September break of the lower wedge line was the initial kick-off to a much steeper decline. I stated that [...]

The Bitcoin Bubble – has it burst?

September 9, 2017 // 0 Comments

I’m sure, like me, you have noticed an avalanche of references to Bitcoin and other cryptocurrencies in the MSM in recent days. Yes, the coverage has been pretty steady as Bitcoin moved above the $4,000 level in mid-August. But since then, the manic excitement has mushroomed (in a nuclear explosion sense). It seems the word has spread even to today’s [...]

The pros are not gods!

September 7, 2017 // 0 Comments

Many small investors believe professional money managers are like gods. In a hot streak, they can create profits seemingly out of thin air. After all, they have access to some of the best brains and research in the world. But of course, all they are doing is joining the herd of other money managers who believe in a strong story and combined, they have enough [...]

Will HSBC follow Lloyds and Barclays down?

September 5, 2017 // 1 Comment

The traditional UK banks’ charts (Lloyds, Barclays, HSBC) have been diverging for a while. Lloyds and Barclays have been in major downtrends while HSBC remains in a solid uptrend. Members of my Pro Shares Club are short the first two and I am now looking at a short trade in HSBC to make a full set. One major difference between them is that HSBC does a lot of [...]

Will sterling reach parity with the euro?

September 2, 2017 // 0 Comments

The EUR/GBP cross is close to the heart of many UK residents who worry constantly about the tourist exchange rate, especially when a holiday on the Continent looms. Should I exchange now or wait for a possibly better rate? And where can I get the best rate? My advice, if asked, is to get them now and the online bureaus usually offer the best rates. That is because [...]

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