FTSE 100 January

[Hooya]

hoping that this is playing out but it could be forming an
ascending triangle also which would still require more upside to play out.

 

[hungrybear]

Hooya/Bonsai

I think the C-wave counts best as starting from a failed fifth to yesterdays gap high, then a 5 wave down with each main leg down being waves 1,3,5, almost of equal length but W1 is the shortest. I believe each wave can be sub-divided into 5 waves.

 

[jonnyy40]

Can anyone recommend a good charting package for shares.Mytrack is full of holes!

 

[bonsai]

sorry jonnyy, not my field

they all seem to have mixed responses though.

have you tried the equis stable ?

 

[bonsai]

ok, here we go again

 

[Hooya]

fell just short of the 512 so mini triangle played out. Not sure I want to short as 1 day turning back up

 

[hungrybear]

Does anyone know why the 'trading' range is so miserable these days? I was looking back over the years and a small range has been 40-50 points, an average is about 80 and many days were over 100.

20 point ranges almost seem the norm and yesterday seemed like a big move even though it was only 46 points. Often if the range is 40 points or so, half of it is on a gap!

 

[bonsai]

that's a negative HB

but it is becoming much harder to make a buck.

I guess any buying pressure quickly fades.
and interestingly, not much selling pressure either.

 

[Hooya]

is this going to come into play?

 

[barjon]

hb

mmm, and look at the monthly range too.

high tec shares dumped?
lower volumes?

 

[Hooya]

think I might move to the US at this rate 1.8300+

 

[barjon]

ps couldn't resist showing you again how the long legged doji
called the bottom!!

 

[barjon]

I wonder????

 

[Hooya]

not sure about the ranges but I brought up a chart of monthly dow and pre 2000 top it looks like the ranges were similar to
the last 6 months. Maybe we just got use to the larger ranges on the fall

 

[barjon]

remember an earlier version of this? It doesn't get any better
does it. On tuesday ftse ignored the 133 point monday dow rise
and it's just treated a 50 point up dow opening with disdain.

 

[bonsai]

just been reading about standard life.
they are presumably still long above 6000.
and 5000 as well for all I know.
must make it difficult for anyone who wants to come in at these levels only to see it plummet as the sellers come in. ?

small ranges may just be traders atwork ?

 

[Hooya]

well with the government to protect them why not

 

[bonsai]

after the ABC we discussed at length, which could make "A"
we may now have seen the "B" and starting another "C"

be prepared anyhow.

 

[Hooya]

I was just about to ask? already looking more impulsive than the c of possible A?

 

[Hooya]

possible head and shoulders US side which will probably break at 4.31