FTSE 100 January

[Hooya]

it's like trading double spread at the moment. FTSE up 10
since entry and I can get all of +3 grrrrrrrrrrrrr

 

[Hooya]

im taking the points before the quote drops..v. boring

 

[barjon]

mornin' hooya - just to let you know you're not talking to
yourself!!

 

[Hooya]

lol thanks barjon

 

[bonsai]

a/d still negative
just about filled the last gap on the fall
on the 1 day now

and it seems to have stopped and is just looking at me.

so a fall may be imminent ?

 

[Hooya]

i still have a couple of gaps..1 in the 60s and 1 in the 70s but think it will struggle to get over the gain line.


edit: possible head and shoulders as well

 

[bonsai]

morning barjon
you're right

it is very quiet these days.

 

[barjon]

what's you daily futures quote atm?

 

[bonsai]

i have futs at 4431

 

[mully]

IMHO, the quietness of the thread reflects the lack of clear, definable movement in the FTSE 100 compared to other markets, such as the SP500, DAX etc. over recent weeks.

Still think FTSE 250 is a much cleaner index for trying to gauge the UK market. So I am playing much more in individual stocks.

 

[Hooya]

still in a channel and could target 4416 ish by the end of day

 

[Hooya]

I agree Mully and so many on the other baords have switched to
FX as well because of the 100 + point trending moves

 

[barjon]

if it closes down there I'll be cutting all my longs to half
positions and moving up my shorts to full ones

 

[Hooya]

would expect it to be spike test of the bottom trendline but
as they always say expect the un expected. and whilst its
still holding 43 its not going anywhere

 

[bonsai]

desperately seeking susan ?
or a bottom , anyway.

trying to make a higher low but beware, it may only be a C leg rally ?

 

[Hooya]

it's deperarely seeking a good kick up the arse if you ask me

 

[bonsai]

as you said, there is always this !
just to supplement your income ?

 

[Hooya]

support at 40 still there

 

[Hooya]

well I did not enjoy that break one bit

 

[bonsai]

just designed to take out stops but this time at the other end ?