FTSE 100 Intraday trading - MAY

bonsai

Veteren member
4,106 11
one of those fancy dan U.S trading packages might carry it.
Advanced GET perhaps, I dont know.

for fancy dan read expensive.
 

bonsai

Veteren member
4,106 11
Roger
not always sure which leads the market.
I tend to think that the futures lead 8 times out of 10 ?
 

awllee

Junior member
46 4
Bonsai,
Long at 63? Not sure to be honest right now mate.. it's peaked higher than the previous peak but still weak.. I still favour a fall from here.
 

bonsai

Veteren member
4,106 11
will try again later
out at 59 for -4
 

bonsai

Veteren member
4,106 11
it all looks a bit sad and droopy today ?
maybe if we make a new low today things will perk up ?

mind you I do have one eye on the gap down at 4000
 

bonsai

Veteren member
4,106 11
why do they always blame someone else ?
why do they think the banks withdrew ?
------------------------------------------------------------
CLAIMS FIRM ACCIDENT GROUP GOES BUST
The company that owns claims company
Accident Group has told 2,500 staff
that they have lost their jobs and will
not be paid their salaries.

Amulet Group, which also owns the
financial adviser First Advice, said
it had ceased trading and was being
placed into administration.

A further 1,000 employees of Amulet
have also not been paid and have been
told they may lose their jobs.

It blamed "the sudden failure of a
banking partner to support the company"
 

bonsai

Veteren member
4,106 11
awl
if you are into elliott it seems to me the run up to the high started at 40 ?
and I can see 5 legs on the way up from there.
so there may be support at 50 but 40 may be crucial to a change in trend ?
 

awllee

Junior member
46 4
Hi Bonsai
It's bounced on 4050.. however, right now where it stands it's not a strong enough signal for a buy for me...
The main trend so far today has been down since the 4080 peak so I would rather go short today on a peak.. however, we'll see...
 

awllee

Junior member
46 4
Looking at the DOW and trying to predict where it'll go, it looks like it may head down to start off with.. this will probably affect the FTSE.. if FTSE drops below 4050, the next support is around 4010...
As I speak.. the FTSE is heading upwards!!! Looks like a buy now but resistance very close at 4080
 
 
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