Recent content by russell444

My last comment in this thread: you are ignoring market sentiment. It may appear that futures prices went up first and then the INDEX price reflected this. But in reality it was the other way round. Market sentiment made punters in the futures market push up futures prices (the punters thought...

The market value or price of a futures contract is approximately equal to the current value of the underlying shares or index, plus an amount referred to as the 'cost of carry'. If the price of the NASDAQ index opens around 50 up, say, it means that the average value of all the shares in the...

Yes, I absolutely agree that the futures market has no influence at all on the FTSE index price and how it moves. The FTSE in no way 'reflects' what is happening in the futures market. The FTSE price is entirely based on the prices of the stocks listed in the index. Hence, any kind of technical...

thanks malaguti. predicting the FTSE for a living is not easy

I'm looking for a good FTSE tipping service, i.e. a service that provides trading signals for when the FTSE might be going up or down. Any comments appreciated.

technical analysis does not work for index trading You say: FTSE reflects what is happening to the FTSE futures which are directly tradeable and therefore subject to the trader activity that causes TA to "work. This is not correct. the FTSE does not reflect FTSE futures at all. The FTSE...