FTSE 100 Intraday - November

This is a discussion on FTSE 100 Intraday - November within the Indices forums, part of the Markets category; but you are right. above 80 is there to be stopped out....

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Old Nov 24, 2003, 5:09pm   #811
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bonsai started this thread but you are right.
above 80 is there to be stopped out.
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Old Nov 24, 2003, 5:13pm   #812
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bonsai started this thread never mind the quality, feel the width ?

lol
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Old Nov 24, 2003, 5:30pm   #813
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bonsai started this thread well it all looks very good and all that
but its that time of day again.

not holding overnight.
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Old Nov 24, 2003, 6:05pm   #814
 
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probably a good idea...god knows what the US is going to do next?
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Old Nov 24, 2003, 6:35pm   #815
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bonsai started this thread hit its 50% 9891/9586

but, there is room higher up as well as gaps below.

so, let someone else take the strain ?
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Old Nov 25, 2003, 1:05am   #816
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bonsai started this thread hb
how did you get on today ?
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Old Nov 25, 2003, 1:17am   #817
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Hi Bonsai.

Rather annoyed with myself as the market has rallied as I originally anticipated but I didn't join the party. Instaead, having changed my view on likely intermediate term action I've held a short position, clearly not a good move. Tomorrow will be a decision day, but I don't see much bearishness now until next week. I've been looking at potential turn dates, and after tomorrow the next likely day is Friday for a high. Clearly I still got a lot of work to do, but short-term I think it'll be back to day-trading! Thanks for asking.
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Old Nov 25, 2003, 1:27am   #818
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bonsai started this thread if you can chart it, my macd is worth putting in the scales,imo

even if you cant a break down of 1 day and then sharp recovery
is often a sign of strength.

we also had a breakthrough of the trend line from 4411.

I know how difficult it can be to change tack but as a sailor,
I have a slight advantage of being used to changing tack !

lol

(interesting analogy ?)
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Old Nov 25, 2003, 1:48am   #819
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bonsai started this thread pretty good day today, but I expect you had to be prepared for
it to some extent ?
These days are important because they can more than cover
any losses you may have had on previous occasions.

There were some clues and most of them I think I have covered before.
We started with a higher low on the macd late thursday. The rally
continued during friday and I think I suggested it was an A wave
rally. So from the high of 4323? the pull back counted as B wave.

Of course we didnt know it was over till this morning after we
broke through 4323 and the macd resumed its upward course. But then we were in the C wave.
Confirmed by a break back up through the 1 day. The rest is history.
But notice that the rapid rise did not create any gaps on my chart
and the a/d line was pretty strong all day after showing a distinct
change of mood right from the gun.
And the way we sliced through the fib ..........

For once I dont think there were any negatives.
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Old Nov 25, 2003, 10:05am   #820
 
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nice round number at the high today:-)
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Old Nov 25, 2003, 10:09am   #821
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Yes, interestingly on both the cash and the futures! Gap filled nicely, but Dax about 20 points short.

End of W3 up Bonsai?
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Old Nov 25, 2003, 10:29am   #822
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bonsai started this thread hb
from now to expiry, I would expect both cash and futures to
behave (during hours) in quite a similar manner.
F.V diff seems to be about 3 pts ?
And as the dow closed more or less where it was at 4.30 there
seems to be no internal momentum to push ftse any higher.

as you say, gap closed and a/d is negative.

as for the wave count, this clearly is not the wave 4 I was expecting.
so probably wave 3 of c as you suggest.

it will be interesting to see whether the 1 day breaks its fall ?
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Old Nov 25, 2003, 11:54am   #823
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If this is a C-wave it cant' go much further as it can't take the top out
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Old Nov 25, 2003, 12:16pm   #824
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bonsai started this thread if it is the end of c then any break of 4000 should give a
low risk short.
if it breaks to a new high then we have to reconsider what
is going on as 4411 was itself a new high.
My first thought is we may find ourselves in a new 5 leg up move
with 4411 as end of wave 1 ?
That would put top of the channel within reach !

and a run up to thanksgiving is not unknown ?
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Old Nov 25, 2003, 12:30pm   #825
 
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either way wouldnt end of c or wave 1 indicate a slight retracement is needed of some extent.? Thus the risk of a short afer a snake surely must be small?
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