FTSE 100 Intraday - November

[bonsai]

thanks fluke, hadnt realised it would hit one of your fibs.
my numbers just based on the channel chart.
bottom is currently 4230 so allowing for some time to get there 4250 ?
may be there sooner than I thought.

 

[oatman]

No gaps on futures

 

[bonsai]

the papers will blame this drop on Istanbul, but you now know
the trend was already down !
its only the speed of the drop that can be attributed to the bombing.

mully, that trend line should have been in place day before yesterday in anticipation ?

 

[bonsai]

if you dont have it, draw a trend line from 4390 about 9 days ago
it was the first time we got there.
across the top of the early rally on 12th.
now pointing at 4280 which is major fib
so expect some support now

PS: Similar sort of trend line on Dax also pointing at support.

 

[oatman]

I think they said the explosion was at 8.55 our time, in which case the markets were well slow.

 

[Hooya]

still hanging back think there could be one more push down in this move left

 

[bonsai]

oatman
end of c leg seems to have been 8.06am

the trend was down after that flat correction day before yesterday.

 

[Fluke]

Bonsai.
Just PM'D you

 

[Hooya]

.

 

[oatman]

Bonsai, I'm not disagreeing with your call, only that the market was slow to react to the news. It was at it's high at 9.08.

 

[bonsai]

JOKE of the day
--------------------------
Network Rail has unveiled a massive
rise in half-year pre-tax losses - to
£233m ($398m) from £3m.

The not-for-profit company recorded an
operating loss of £95m which was mainly
due to the increased cost of
maintenance and track renewal.

But Network Rail, which took over from
private firm Railtrack last year, said
its performance was improving.

Some 82.2% of trains were running on
time, compared with 81.8% in the first
half of 2002, the firm said.


Trains running on time ? I thought that was an Operators issue.
Don't tell me they have been getting stick and it was down to Network Rail all the time.
Or are they just spinning ?

lol

 

[Hooya]

the question is does it really matter what caused the move, in theory the news or wave count is displayed in the price action which in turn is reflected in the charts and indicators.

 

[jonnyy40]

I've got a gap in FTSE futures (Mytrack) from 9:11 (!) to 9:48.Tried editing -- no good. Anybody else?

 

[Hooya]

gaps on the cash....might not lead to anything by worth keeping an eye on later today or on the way up next week? Still have that opening gap from Monday as well.,

 

[bonsai]

9.11 to 9.48 ?
that's not a gap, its more like the parting of the red sea. !
lol

Hooya
commentators have to put labels on things, that's what they are paid to do.
but I agree, its all in the charts and doesnt matter what the news is.
although somewhat ambiguous at times, elliott is still the only concept
that lays out a road map.

all other indicators have lag built in.
imo

 

[jonnyy40]

When I put the cross-hairs on the minute bars it goes straight from 9:11 to 9:48.Sometimes it freezes for a couple of minutes but you don't normally lose huge chunks.

 

[Hooya]

is that a treble bottom on the 102 macd bonsai?

 

[bonsai]

I think that from time to time all these systems have problems
which is why many pay extra for backfill.

don't bother myself as I can go in and edit freely .
sometimes I have to 'guess' but unless its cricitical that doesnt matter.

 

[bonsai]

102 macd ?
lol
where did that come from ?

I have a bottom on mine for sure but that's all.
as we may now be in a small c leg again, I dont even expect a higher low before the next test of the index low.

 

[mully]

I think that refers to the equivalent on a 5 min chart of the 1 day MACD on a minute chart (510/5)