FTSE 100 Intraday - November

This is a discussion on FTSE 100 Intraday - November within the Indices forums, part of the Trading Choices category; Bonsai, I was just thinking out loud and looking at the retracement of the SP500 from its recent peak of ...

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Old Nov 6, 2003, 4:58pm   #241
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Bonsai,
I was just thinking out loud and looking at the retracement of the SP500 from its recent peak of 1061.44. It appears to have ONLY retraced 38%, if the run to-night is impulsive. just idle tinking thoughts.
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Old Nov 6, 2003, 5:04pm   #242
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bonsai started this thread we have had an abc, so the correction may be over.

and expiry was at 4297, so the bulls havent done very well for the last 6/7 weeks ? so far.

may be tomorrow is their day.
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Old Nov 6, 2003, 5:12pm   #243
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Tomorrow is into the timeframe for the high. Monday is ideal, but a day either side..... Still possible it could reach 4450, but that may depend on the US data. A double top looks quite inviting at a 23% fib extension!
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Old Nov 6, 2003, 5:22pm   #244
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bonsai started this thread hi, HB
hows the flu ?
getting better I trust.
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Old Nov 6, 2003, 5:51pm   #245
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no commentary realy...just a trendline..........
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Old Nov 6, 2003, 5:57pm   #246
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Bonsai,
Been revisiting Elder's Financial Trading and found the reference to "how angles of uptrends tend to recur month after month." page 100
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Old Nov 6, 2003, 7:47pm   #247
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Hi Bonsai, feeling a lot better now thanks; definately over the worst.
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Old Nov 7, 2003, 2:59am   #248
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Morning all,


Looks like we are looking towards the US for any major news today, unemployment figures out & JDS Uniphase results.
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