gullible said:closed my shorts too ealy at 5018, 5016 and 5000. Must learn to be patient, could have had a few more points like 30-40 from 5018 levels.
FetteredChinos said:wet weather getting to you B?
bracke said:Notwithstanding barjons lofty similie can ftse return above 5000?
Two days below 5000 and today's close at the low of day. Has the mood change from half full to half empty, maybe time for a bit of doom and gloom.
I suspect that unless the US can give a fillip to ftse, further falls are likely.
Regards
bracke
barjon said:bracke
that's the question I posed wasn't it
The two tries early on were fairly convincingly repulsed and that makes it a bigger obstacle. The demon trio and their cohorts seem to have a firm grip of the rope for now but they haven't got it tied off and anchored yet. As you say, much depends on over the pond - isn't that what a Special Relationship is all about?
good trading
jon
bracke said:My apologies barjon. I posted before I saw the additions to your post
Special Relationship - Is that where one tells the other what to do and the other does it if he knows what's good for him ?
I attach two charts for the discerning viewer.
Regards
bracke
boy said:What happened to Bonsai, he used to post on the FTSE thread every day?
peterpr said:G
Important thing is you came out ahead, learned and gained axperience - that's a pretty potent combination to build on.
My call - We are still firmly in the up-trend from August. Both the 60 and 90 min channels have broken down with price hovering between 50 and 200 PMA (neutralish but warning of weakening primary trend). If primary trend really IS weakening then the present retrace should have further to go before a meaningful bounce because it's still above channel mid-line and 40 and 50dma's. Also all my oscillators are still pointing down. Having said all that - I too have covered most of my short position (Euphoric news about RBOS, relief at US retrace yesterday and all that )
Funny how the perception of news changes isn't it? Oil back at $51 pb and it doesn't get so much as a mention any more after the perpetual daily panic though the summer.