Anyone scalping the FTSE Futures??

[Dick Lexic]

that would be around 30/40 ?

ok guys price is now trading above volume on both dow and ftse this could indicate buying unless we go back down through 30/40.

 

[Dick Lexic]

ok guys price is now trading above volume on both dow and ftse this could indicate buying unless we go back down through 30/40.

p*ssing against the wind springs to mind

 

[MartinC-J]

Hi DJ. Can we discuss your chart you posted earlier.
You can clearly see the divergence, and yep that should indicate a up move.
But the Bear flag on your chart has clearly broke to the downside.

Now that would indicate a move further to the downside, if you follow those sort of patterns.

Do we retrace at all tomorrow?

Any thoughts from anyone on this tread?

DC does your 304 for tomorrow still count? Or has the pattern changed for you?

reksa - depends on how it closes it tonight. If it closes at extreme low, then I think we retrace from the open tomorrow. If it pulls back up lots before 9:15pm then, I don't know.

 

[DaddyJohn]

reksa - depends on how it closes it tonight. If it closes at extreme low, then I think we retrace from the open tomorrow. If it pulls back up lots before 9:15pm then, I don't know.

Martin you are right about the bear flag... But the volume seems to paint another story. My take is to sit and watch until something tradeable comes along. Sorry I can't be more help. I just can't see the Market making it as easy as it seems to have done today. I am always suspicious of these moves.

 

[Dick Lexic]

ok guys price is now trading above volume on both dow and ftse this could indicate buying unless we go back down through 30/40.

well i see we got a close above the volume areas dow area 708/676

lets hope we can continue to INFINITY AND BEYOND:clap:

sorry coudn't resist a wee bit of fun

 

[dc2000]

Do we retrace at all tomorrow?

Any thoughts from anyone on this tread?

DC does your 304 for tomorrow still count? Or has the pattern changed for you?

304 still in play only a 4988 in the morning would alter I know we have been there this evening but it would have to print in morning session to alter pattern

I would like FTSE to gap to 5150 and bounce around 5140/5190 for most of the day but we willl see
FTSE signalled flat open, whilst DOW signalled first hour and half rally and only needs to hit 10942 to complete pattern



IMF meeting, US, Europe, finance leaders, support banks, stimulus, bla, bla see who says I dont do fundamentals

 

[Dick Lexic]

well i see we got a close above the volume areas dow area 708/676

lets hope we can continue to INFINITY AND BEYOND:clap:

sorry coudn't resist a wee bit of fun

that should read to 89 AND BEYOND

 

[dc2000]

well i see we got a close above the volume areas dow area 708/676

lets hope we can continue to INFINITY AND BEYOND:clap:

sorry coudn't resist a wee bit of fun

slow down there BUZZ

8 days 1000 points and no todays price did not alter 11898



awe go on then

 

[Dick Lexic]

slow down there BUZZ

8 days 1000 points and no todays price did not alter 11898



awe go on then

well if that aint a sight jay uu

 

[DaddyJohn]

304 still in play only a 4988 in the morning would alter I know we have been there this evening but it would have to print in morning session to alter pattern

I would like FTSE to gap to 5150 and bounce around 5140/5190 for most of the day but we willl see
FTSE signalled flat open, whilst DOW signalled first hour and half rally and only needs to hit 10942 to complete pattern



IMF meeting, US, Europe, finance leaders, support banks, stimulus, bla, bla see who says I dont do fundamentals

the bla, bla but is probably all you need... DC , your numbers are for FTSE cash?? would be a huge gap for this morning.

 

[Dick Lexic]

89 again

 

[Dick Lexic]

well 30/40 did the business hope thats the days low

 

[Dick Lexic]

ha 89

is it to early for a yeeehaaa?

 

[dc2000]

the bla, bla but is probably all you need... DC , your numbers are for FTSE cash?? would be a huge gap for this morning.

hi DJ yes I always post for cash prices as sometimes I trade front and back month at same time which gets confusing for readers

got to say Mr lexic "word" 089 bounce been good this morning I wouldnt like to see a price printed below 5001 as that would alter pattern to monday but target the same 304 target for today would then become 165

 

[Dick Lexic]

well 30/40 did the business hope thats the days low

well i can pick my nose but i cant pick my bottom

still optimistic, dont like the altrnative

 

[DaddyJohn]

hi DJ yes I always post for cash prices as sometimes I trade front and back month at same time which gets confusing for readers

got to say Mr lexic "word" 089 bounce been good this morning I wouldnt like to see a price printed below 5001 as that would alter pattern to monday but target the same 304 target for today would then become 165

Well.... we printed lower, but I am wondering if this is a stop run... they are exactly where I would have put my stops last night, given the buying volume that came in afternoon.

 

[Dick Lexic]

weekly bar fib level 4967

 

[MartinC-J]

I am watching where this is going, but we just had what looked to me as if someone with deep pockets was buying into the fall. We may well retrace back to the lows, but it was interesting watching this live. Both the FTSE and the FESX were approaching the low of August 9th, and it appeared that a big buyer was willing to step in. How they support it from here I don't know, but it should signal the end of the selling for now, but nothing is for certain.

 

[MartinC-J]

FTSE just can't seem to get going. Maybe they are waiting for the ES to bottom out. It hasn't hit yesterday's low yet, so watch 1106.75 and hope for a bounce. In my bones I feel the FTSE has bottomed, but there is a lot of pessimism out there right now.

 

[Dick Lexic]

s&p 500 weekly bar fib 1106

hope it gets a move on we are running out of fib's