Anyone scalping the FTSE Futures??

Well what I see is Unbelievable !!!

Is it another market crash? I did some analysis over the weekend and doesn't look good!!!

Therefore I am inclined to predict a market crash. :rolleyes:

:devilish:
 
Jessi_trader said:
Well what I see is Unbelievable !!!

Is it another market crash? I did some analysis over the weekend and doesn't look good!!!

Therefore I am inclined to predict a market crash. :rolleyes:

:devilish:
Click to expand...

the technicals do look very bad, but the market will not fall in straight line, the counter trend rallies will tend to be very sharp
 
jeffre4 said:
Jessie were you not 2 weeks ago predicting 7000 for the ftse by mid jan
Click to expand...

Yeah, that could still be possible another attempt to reach high, it may not be 7000 but near to that.

The whole scene has changed by monthly and weekly chart. Two consecutive month down from all time top also bearish candle.

If you see following cycle that also support technical:


Uptrend: Apr-03 to Oct-07 Peak = Oct-07 (about 4 years)
Uptrend: Apr-09 to Oct-13 Peak = Oct-13 (about 4 years)

That tells cycle completed in Oct and sell signalled by monthly candle and break down of channel in daily chart.

Downtrend: Jan-00 to Mar-03 Bottom =Mar-03 (about 3 years)
Downtrend: Nov-07 to Mar-09 Bottom=Mar-09 (about 1.4 years)
Downtrend: Nov-13 to Mar-15 Bottom=Mar-15 (if I take about 1.4 years)
 
Afternoon all.
What a morning. The Dax is unbelievably strong today. No respite from the upward pressure. The only thing that could bring the Dax down today is if Draghi were speaking. :devilish:
 
Jessi_trader said:
Yeah, that could still be possible another attempt to reach high, it may not be 7000 but near to that.

The whole scene has changed by monthly and weekly chart. Two consecutive month down from all time top also bearish candle.

If you see following cycle that also support technical:


Uptrend: Apr-03 to Oct-07 Peak = Oct-07 (about 4 years)
Uptrend: Apr-09 to Oct-13 Peak = Oct-13 (about 4 years)

That tells cycle completed in Oct and sell signalled by monthly candle and break down of channel in daily chart.

Downtrend: Jan-00 to Mar-03 Bottom =Mar-03 (about 3 years)
Downtrend: Nov-07 to Mar-09 Bottom=Mar-09 (about 1.4 years)
Downtrend: Nov-13 to Mar-15 Bottom=Mar-15 (if I take about 1.4 years)
Click to expand...

Market cycles

http://www.marketoracle.co.uk/Article40474.html
 
SuddenDeath said:
afternoon postman
welcome back htw
dax is on steroids or Christmas drug frenzy
Click to expand...

Yes its not human buying and selling - its these ridiculous Algo's just moving the prices up at specific time intervals.
Real people buy AND sell. Theres no selling today. Humans dont sell the crap out of a market one week and then do nothing but buy the next week.
I'd like to think it was a Santa rally but it smells of bull trap. Yes thats trap.
I'm short dax 9139.
 
postman said:
Yes its not human buying and selling - its these ridiculous Algo's just moving the prices up at specific time intervals.
Real people buy AND sell. Theres no selling today. Humans dont sell the crap out of a market one week and then do nothing but buy the next week.
I'd like to think it was a Santa rally but it smells of bull trap. Yes thats trap.
I'm short dax 9139.
Click to expand...

You are with the crowd at IG 62% short
 
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