FTSE 100 - April

[Finirama]

Morning Bonsai,

 

[bonsai]

Jean, I have no idea

 

[Finirama]

Surprised as well that we are sitting eher. Had a wolfewave target of target of 4,550 from the drop down yesterday to test 23% fib of the move up.

 

[bonsai]

fin
could still happen
if abc yesterday is 'a' and today is 'b' then ........

certainly a gap fill looks to be on the cards at the moment

 

[JeanM]

Finirama

Do you mean 4450?

Jean

 

[Finirama]

Oops...yes Jean..2 many beers last nite!!

 

[bonsai]

have given up on the gap fill
taking too long and the a/d line looks too strong

so, what's next ?

 

[bonsai]

lol

a new high , that's what's next

 

[bonsai]

I have a spike at 4550+
anybody else ?

 

[Finirama]

Yep, me 2

 

[bonsai]

but not on cmc

very odd ?

 

[Finirama]

Certainly is.

Is that end of wave B marked with an island top??

 

[bonsai]

where is your wave B ?

(I'm not at all sure that spike was genuine and maybe should be deleted)

 

[Finirama]

At the end of the run upto 4,500

 

[splasher]

was the spike on the daily cash?
I can't see it anywhere

Futures seem to be back in their favoured comfort zone around the figure so i guess nothing until after 12.00 then a definite movement, i still favour down to fill the gap to 78 but what do i know, it's been a tough few days this week

 

[bonsai]

around 4500 might be ok but 4550 would be too strong for a B

but I do have divergence on macd and we are overbought.
and £ is weakening

4489 seems important ?

 

[bonsai]

yes splasher we are all talking Cash

 

[Finirama]

Unfortunately i just don't have enough of it!!!

 

[Finirama]

Drop could have been caused of the unexpected weak Manufacturing data

 

[Finirama]

Wot are the thoughts on the change in rates...hold or rise??