FTSE 100 Intraday Trading - October

[jonnyy40]

I knew I'd be right one day if I stayed pessimistic.

 

[jojo]

If my analysis is correct , then I believe this is only the start of a major move down on the FTSE..........does anyone agree?

 

[jonnyy40]

Yes

 

[mully]

For what it is worth

Having paid no attention to either the 62% or 100% length of Wave A to calculate the extent of Wave C, we are very close to the 162% of wave A calculated length of Wave C= 4268

 

[oatman]

You're not pessimistic, you're optimistic that it's going lower

 

[jonnyy40]

I think this is a Tart's cuddle and it'll soon be down again.

 

[jojo]

The mind boggles about what a tart's cuddle is..........

 

[lockstock]

There appears to be an internal bull trendline support @ c4250
alonger term bull line support @ ( extrapolated c. 4180/220.UKX

So the trend is still up.

Got a daily e-mail from GNI yesterday saying buy the Dow at 9620
-it's just bounced off that, let's see if that holds.

Long term bull trend line @ c. ex. = 9530

 

[Lambchops]

Lockstock - Like your new avator. Is that cos we are entering a bear phase? :arrowd:

 

[hungrybear]

FWIW,

I had expected a high a few days ago, but the timing wasn't right, nor was the price. The wave action recently is also somewhat overlapping, which all suggests this is just a retracement. Target date for a high is now early next month, after which we should see a massive sell-off. All IMO of course.

 

[lockstock]

Anyone get caught in that 60pt drop on UKX???

 

[oatman]

Was that a fat finger?

 

[lockstock]

Ham fisted or what!!

 

[oatman]

It looks like about 1700 lots went thru on the futures 1min. A few stops blown away there

 

[hungrybear]

Nikkei drops 5.5% last night. Nokia results and outlook are dissappointing.

If it drops much further my expectation of a final push to a new high before it dumps will look suspect. Cash shouldn't drop below 4200.

 

[lockstock]

I've got the bear necesseties :cheesy:

Anyone for a long??

 

[hungrybear]

Off on holiday later today so closed all my shorts yesterday - talk about bad timing!

I wonder what I'll come back to

 

[jonnyy40]

I'm thinking about all that debt piled above everybodies' head and the props are creaking.

 

[lockstock]

Have a good one HB , the markets will still be here doing their thing when you return.



Anywhere exotic???

 

[hungrybear]

Thanks Lockstock,

going to sunny Portugal. Kids are getting excited and will love it even if the sun doesn't shine!

Back Friday 31st, so back to trading Monday 3rd November. I've got a feeling the markets are going to start moving a lot more again, which will make life more interesting and profitable for us all!