Anyone scalping the FTSE Futures??

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Old Sep 13, 2011, 3:50pm   #801
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Re: Anyone scalping the FTSE Futures??

Is this going to drift along into close in this range?

It looks to be ahead of the dow which is worrying
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Old Sep 13, 2011, 5:48pm   #802
 
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Re: Anyone scalping the FTSE Futures??

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"up , up and awayyyyyyyyyyyyy" !! the room here is blue with all shorting except for yours truly, who feels rather smug now. Think I will call it a day before I get too clever , (with help from DC of course )
many thanks all - 100 prices today !
Nice one always nice to hear of good days
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Old Sep 13, 2011, 5:59pm   #803
 
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Re: Anyone scalping the FTSE Futures??

Dow will need to make a good move tonight I expect another 200 point move this afternoon then the asian market to push it higher a close in the region of 11242 would be about right

the FTSE can just about make the 304 on a gap up then I expect it to run to the 400s after a slight early fade but not close the gap
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Old Sep 13, 2011, 6:42pm   #804
 
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Re: Anyone scalping the FTSE Futures??

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Originally Posted by lurkalot View Post
Is this going to drift along into close in this range?

It looks to be ahead of the dow which is worrying
Don't be surprised on ftse bullishness, this has happened most of afternoon. Reason is oil price rising due to perceived shortages due to weather in US. With ftse so heavily biased to oil,gas and mining you have strong reaction to oil and copper prices. If you see S&P heading down and ftse reluctant to do so due to this , then once S&P reverses , ftse will go like a train.
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Old Sep 13, 2011, 8:22pm   #805
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Re: Anyone scalping the FTSE Futures??

nailed a few points today but not as much as dc&co well done
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Old Sep 13, 2011, 9:20pm   #806
 
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Re: Anyone scalping the FTSE Futures??

well no 200 point rally in market hrs

question is what do ya make of the double hit circa 11040
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Old Sep 13, 2011, 10:08pm   #807
 
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Re: Anyone scalping the FTSE Futures??

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well no 200 point rally in market hrs

question is what do ya make of the double hit circa 11040
Hi, couple of things are worrying me now about the chances of getting to circa 4480 this week. We very nearly pushed through that support this morning, and though it has had a few failed attempts, it it not too far away to try again. Also if you look at the 4 hr charts over the last days you will see a possible resistance line running diagonal across the tops. Now , I think 4300 is about where that line would have been today had we hit it. So, a) price goes through this and bingo target in sight. B) price rejects and we head back down to key support and blast through for a new low. I know the logic on the options squeeze is sound, but we must also remember that contract rollovers have a habit of coinciding with lows and high. Will write more in the morning when I am at my desk.
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Old Sep 13, 2011, 10:15pm   #808
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Re: Anyone scalping the FTSE Futures??

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well no 200 point rally in market hrs

question is what do ya make of the double hit circa 11040
Break higher tomorrow with target of at least 11350?

Last edited by Higherorlower; Sep 13, 2011 at 11:05pm. Reason: Made hash of post
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