Recent content by demonwolf

Hi Like the new thread WS and agree with the decisions for making it. Just want to learn from your analysis. Im interested in why you think the market is going to fall today. Yesterday you were expecting a rally but then said without the financials backing it the rally would fizzle out which...

Another bounce right off the bottom trend line I drew.. which also coincided with the pivot point giving even stronger support.

Sure Heres my ten min chart notice these two lines very important today it seems as well as the pivot point. Sorry not sure how to make the pic into a thumbnail..

I dont seem to have the same MA200 as you do wallstreet, as my one is clearly under the market price at the moment. Im using IG charts... My analysis at the moment. I think we are in a upwards sloping trend channel. I expect the ftse to bounce back up at around 3540 which is a pivot line for...

My own thoughts would be to be careful with the shorts. Around 3470 seems to be the new low right about now and the big drop we just saw could be seen as a retest of that low. Further elliot wave theory is predicting a big rally right about now. So another retest could see it rising up. But the...

Cant believe how right I was with the above comment.. and generally Ive been on the ball today. Now watch what happens when I do live trades.. Ill be completely wrong!

Thanks for the answer. Im using igindex to spreadbet at the moment and the ftse100 seems more attractive to me (spread wise and minimum price per point) than the S&P market. Do you think that the S&P is a good indicator to predict movement in the ftse100..? I noticed you did this last night as...

I think that we got the retest of the 3533 resistance line at about 18:15, and now its headed back down. Good advice by wall street which I will be taking. Unsure at the moment which direction the market will head. It could either begin a climb that goes on tommorow or another major sell off to...

Very glad to see you back on the board wallstreet. Back on to the analysis! the 3533 support line has been trashed.. But Im expecting it to become a resistance line and be tested at least once this eveneing. Overall I think the market will end just above 3500 or so. Im thinking of doing a long...

I think this may either be a test or breakthrough of the support line at 3533..

id just take a print screen and then edit that to cut away toolbars. There you go ..post picture into word document.

Tball - I have a trend channel slanting down from the high of yesterday touching alot of peaks made today on the way down. The 3600 break that just occured did break the trend channel but it seems to be only temporary as the next peak has followed the channel. So in my opinion.. I think the...

I havent been on here for long but I can immediately recognise the genuine help that wallstreet gives to the newbies and everybody. So helpful and ready to share his knowledge.. and Im really thankful for that. Not only willing to share but teach as well. You are an immense example to others on...

Damn.. I was spot on with this, could have made money if I had traded... fear of pulling the trigger I guess.

It is confusing for me too. But it seems to be that the moving averages play more importance in larger time scales like 10min and 60 min. Thats what Ive seen from the youtube videos from inthemoneystocks.com