FTSE 100 - April

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mully

Established member
967 3
Chinese trying to cool their economy

You can put the blame on the Chinese authorities putting the break on their growth rate by stopping bank lending. Just look at the impact on Mining stocks to explain some of the weakness in the FTSE100
 

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bonsai

Veteren member
4,106 11
mully
your charts are justfine

by the way -classic sell signals ? - yesterday at 11.30
failed at 1 day and macd failed to break zero
 

Hooya

Experienced member
1,802 2
a bit of cycle for us to think about. Finishes at about 2
 

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Hooya

Experienced member
1,802 2
5 of 5 of c complete now??

or should I have said nearly complete now LOL
 
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Hooya

Experienced member
1,802 2
seems to be following through the approx 2pm cycle line too...interesting stuff
 

bonsai

Veteren member
4,106 11
hmmm

this thread seems to be dying away ......... ?
too few contributors, too many voyeurs

well, its been a year and I think that's long enough.
so I will be giving it a miss from the end of this month.

maybe someone else would like to pick it up and run with it ?
 

mully

Established member
967 3
I have been thinking along the same lines.
Very few are actually posting, yet viewings remain very strong.
It is about time others gave a little to justify the thread.
It takes the few of us time/effort to post.

What thoughts are posted attract very little comment (outside the very few die-hards-Bonsai, Hooya, Fluke etc).

I get very little out of this thread (with the obvious exceptions).

Couldn't the diehards have their own thread?
 

Hooya

Experienced member
1,802 2
Come join me, Lee, the Dickster, Wolf, DKIA, Lex and a few other s on ADVFN if you like. it cost's though!
 
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Fluke

Well-known member
456 1
Bonsai.
I am sorry to see that you are going to end you thread,I have learnt so much from you over the months.in fact you have been a real inspiration to me.I have just recently managed to reduce my loosing trades and increase my winners.I have found you very helpful and patient when replying to my questions.
I wish you all the very best and remember to keep out of the horse Road.

Kind regards Jon
 

Finirama

Established member
552 3
Alternative wave count...... Could still be in a wave 5 of a zig-zag (5-3-5) correction??

wave V/wave 3 target at 38% fib of the move up from 4,290.
 

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oatman

Senior member
2,879 22
I like to drop in on the thread but all I seem to see is wave up wave this wave 5 or whatever. I know what you're talking about but wave count doesn't necessarily interest me. I suspect that most people dropping in on this thread haven't got a clue what you're talking about.
Maybe talking in less technical terms would attract more contributions.
Just a thought.
Gotta go, I'm watching the Blues on BBC4 :cool: :cheesy:


edit, like this :confused:
Alternative wave count...... Could still be in a wave 5 of a zig-zag (5-3-5) correction??
 

Finirama

Established member
552 3
Bonsai, Mully, Hooya...you can't leave us....we would be lost without your wisdom.

Who would be left to answer my stupid questions...like is this just a correction or a change of trend???

A suggestion..... FTSE competiton to increase participation perhaps????!!!

If not...come one all..share your thoughts.
 

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Finirama

Established member
552 3
Fair point Oatman.

I remember when i first started reading this thread it took a could month or so to get used to the wave count talk and only after reading Prechter.
 

mully

Established member
967 3
Finirama,

Here is my chart (hourly) of the FTSE100 with a 1 week SMA band.

I also include break lines.

1) There has been a break, and subsequent failed test, of the major break line from the low on 24/03/04.

2) Minor break line is pointing down

3) The weekly SMA bands are turning over.

All suggest that the bulls have all to prove.

There appears a short term support/resistance around 4524/5 (red dotted line).
 

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mully

Established member
967 3
Additionally, if you believe the current bull market is being led by the techs (NASDAQ), then the current NASDAQchart doesn't paint a bullish picture
 

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