FTSE 100 January

[Hooya]

maybe they are anticipating a top in the dow...I have potential resistance in the US at 1160 and 10745 and with the overbought
nature I guess maybe they are not taking their chances? BTW closed short just to bank some profits.

 

[bonsai]

got my feet wet at 60

 

[Hooya]

just a dip of the toe or the full size 10s I wanted to to be flat for the 3pm figs

 

[bonsai]

standard play - long for a low risk ?

 

[Hooya]

are there such things as low risk longs on the FTSE these days?

 

[bonsai]

nope

but we seemed to have support around 60 until that fiasco yesterday
from 2pm onwards ?

 

[Hooya]

interesting...my 10 min chart with same settings as 5 min chart
i.e works out to be 2 hr ma and a 2day ma...I think

 

[bonsai]

was it just me or did the site go down ?

anyway, water too cold this time of year.

lol

 

[Hooya]

next time dip your fishing rod in instead

 

[bonsai]

lol
worth looking back at that e wave ?

 

[Hooya]

probably .....will be putting todays intraday chart in a file..almost to perfect day especially if we close the gap.

 

[bonsai]

I see the macd did the business again today.

to late now for anymore.

 

[barjon]

good day all round - but can't really understand the action.
Perhaps that Doom Virus has infected the market.

 

[Hooya]

Probably the most simple day on paper to make some good points based on my Signals. but I failed to make as much as I should. I feel like an out of form golfer.Still hitting the fareways
but taking 3 putts.

 

[bonsai]

agree, it was a good trading day.
even the dax behaved

but as barjon says the overall picture is a bit of a puzzle.

yesterday looked completely artificial so we may have to wait for
both 4480 and 4040 to break decisively before we get back on
track ?

 

[bonsai]

ftse now 32/36
that's about as close as they can get without trading at a new low.

so, was today another leading indicator ?
Ftse started to fall about 12 noon.

Bottom line is now at 4424.
so watch out for a false break ?

a clean break would set us all a-thinking ?

 

[Hooya]

Ive abandoned my channel for the time being and put in awedge as it marked the high at 530 quite well..

 

[Hooya]

have you seen the h&s...but left shoulder is much bigger than the right but neckline is nice and horizontal

 

[bonsai]

where ?

 

[Hooya]

but as I just said on the ftse thread it's a bit dodgy and I would only believe it if we broke through 400