FTSE 100 January

[bonsai]

building to break 4480 ?

 

[Hooya]

imo it should but probably not the best time of day for it? my pennant/flag targets a price of 9O ish.

But was think about the possibility of a new high this afternoon;
going to be tough imo. Its going to take so major move state side or the narrowing of the differential so might be a trade for hedgers?? At least we have returned to some intraday swings

 

[Hooya]

another good trading day i guess. This is compilation of today for me a bit messy all on one chart but easier than posting a few.

 

[bonsai]

there is always the auction ?

but don't hold your breath !

if we are on a winner, more likely to be gap up tomorrow.
forget after hours,imo

if not, as the yanks say, "duck and cover" ?

lol

 

[Hooya]

no holding on rate decision for me....you never know what they will say even if they leave it unchanged

 

[bonsai]

hooya
looks good

can I assume you added on the second ? and holding overnight ?
(especially as its not an ex div day ?)

 

[Hooya]

not holding but I could always get back in lower now

 

[bonsai]

well, the dow has yet to make a higher low ?

so it may be a see-saw evening .

 

[mully]

Just an observation, but FTSE250 not very supportive to bigger brother in afternoon trading. FTSE250 Closed down 0.34% on the day.

 

[mully]

or to put it other way. Thanks you the banking sector.

 

[bonsai]

lol

well it's about time big brother took the lead.

but which big stocks do we all fancy ?
(if any )

 

[Hooya]

dont know about big stocks by RYA took a big hit today....

 

[bonsai]

just one more thing about today's trading for the less experienced.

in a rising market, we often get the 1.30 set-up where,
when its quiet, the mm's contrive a quick sell off to put
the frighteners on you.
it doesn't always happen at that exact time and I can't guarantee
that they don't have information we haven't.
but if you follow elliott ( C leg) and can ride it out, it's worth it.
It's also a good place to pyramid if you have sufficient profit in hand.


edit

sorry about the double negative but I hope you get my drift

 

[mully]

Lets be radical. Look at Shell's chart. Is it trying to break out (+ve)of its recent bottom?

 

[Hooya]

gap fill on the cards??? that could put you quids in

 

[bonsai]

mully
hmm ?

but it won't take us up on it's own
azn,maybe but gks looks dead ?

how about banks and Life assurance ?

shall do my charts tonight I think

 

[Hooya]

this has to be the fastest snow covering of my car I have seen. Covered in about 10 mins...Time to get the snowboard out

 

[bonsai]

bloo dy fed !

another false dawn ?

waiting to get back in again

 

[Hooya]

32 was offered

 

[bonsai]

?


at the moment we have broken the channel line, so I expect
a pull back by the close.