Passed through the daily Fib support band of 4,334 -4,339, so expecting some strong resistance between these points.
Mixed signals from the US, with the DOW forming a potential bull flag (although this could a retracement from yesterdays fall, like the FTSE open this morning) and the S&P forming a descending traingle (on the 15min chart).
If both the DOW and the S&P fail to rally further 2nite, i would expect us to drop around 4,315.
One thing is for sure, i've never seen the UKX ticker this slow.....calm b4 the storm?????? Or just MM5 playing up again!!!inly hope so.
Mixed signals from the US, with the DOW forming a potential bull flag (although this could a retracement from yesterdays fall, like the FTSE open this morning) and the S&P forming a descending traingle (on the 15min chart).
If both the DOW and the S&P fail to rally further 2nite, i would expect us to drop around 4,315.
One thing is for sure, i've never seen the UKX ticker this slow.....calm b4 the storm?????? Or just MM5 playing up again!!!inly hope so.
barjon
Legendary member
- Messages
- 10,752
- Likes
- 1,863
confusin' or wot? (said it might get funny after first week of Dec!!)
on the downside I've got double support with the base of the
earlier long candle @ 319 and fib 50 (23/10 - 26/11) @ 318. On
the upside.....scratch, scratch. Will it follow the DOW this time or
stay with a mind of its own?
I wonder how the DOW/FTSE comparison would look over the last
10 days or so adjusted for movement in $/£ over the period
- bet even your box of tricks couldn't cope with that bonsai??
on the downside I've got double support with the base of the
earlier long candle @ 319 and fib 50 (23/10 - 26/11) @ 318. On
the upside.....scratch, scratch. Will it follow the DOW this time or
stay with a mind of its own?
I wonder how the DOW/FTSE comparison would look over the last
10 days or so adjusted for movement in $/£ over the period
- bet even your box of tricks couldn't cope with that bonsai??
Last edited:
Tweezer Top Bottom
Quote from DOW board and it seems like a classic example of it.
"Well, once again they 'sell the news' one day and buy it 'cheap' the next".
Discounting gaps, last friday and today formed another tweezer top/bottom formation.
Suggesting a reversal to this current short term (last 2 weeks) downtrend...and perhaps the consolidation over 4,300 as posted by Bonsai.
Should be strong given the US performance.
Quote from DOW board and it seems like a classic example of it.
"Well, once again they 'sell the news' one day and buy it 'cheap' the next".
Discounting gaps, last friday and today formed another tweezer top/bottom formation.
Suggesting a reversal to this current short term (last 2 weeks) downtrend...and perhaps the consolidation over 4,300 as posted by Bonsai.
Should be strong given the US performance.
Sorry the minimal postings but I have 'retired' down the country lane and all the inconvience of a single dial up line.
However, no greater clarity with regard to the FTSE100, even with the clean fresh air. Without wanting to get too bullish there appears an apparent clear 5 waves to the FTSE250. Suggests that a rally is close at hand. Any thoughts?
However, no greater clarity with regard to the FTSE100, even with the clean fresh air. Without wanting to get too bullish there appears an apparent clear 5 waves to the FTSE250. Suggests that a rally is close at hand. Any thoughts?
