FTSE 100 January

[bonsai]

CBS MarketWatch
U.S. stocks turn lower after FOMC statement
Wednesday January 28, 2:47 pm ET
By Mark Cotton


NEW YORK (CBS.MW) --- U.S. stocks turned sharply lower Wednesday as investors interpreted a change in the wording of the Federal Reserve's policy statement as a signal that it is preparing the market for a rise in interest rates.
The Federal Reserve left interest rates unchanged at their current 45-year low of 1 percent but said "with inflation quite low and resource use slack, the committee believes that it can be patient in removing its policy accommodation."

Previously, the Fed promised to keep rates low "for a considerable period."

Alfred Kugel, senior investment strategist at Stein Roe said the new wording suggested that the time before an interest rate hike "might not be so considerable."

 

[bonsai]

I can't see this as a trend change

Much more like mm's trying to take out everyone's stops ?

but unless we get a good C leg bounce now, I shall skip it tonight

meanwhile I have closed my £/$ hedge

 

[Hooya]

just popper back offer now 15 at cmc..think its best left till the morning

 

[bonsai]

if you are interested in Davies' resignation, here is his statement

Seems to questioning the credibility of the conclusions by Hutton.
The implication maybe that he is a Blair crony ?
He is of course working on several projects for Blair.

http://www.reuters.com/newsArticle.jhtml?type=industryNews&storyID=4231897

 

[bonsai]

elsewhere I have suggested a bottom of around 10400

 

[bonsai]

low offer on d4f seems to have been 4385 !

but now somebody/they are taking it back above the channel line

 

[Hooya]

I bought those randoom spikes 3 times in a row and exited 1 cmc tick later. UNfortunately cmc cancelled the one from 84 as it was misquote but still made 30 points in less than a 1min. BUt only £1pp lol.,


Note that FTSE quote is 15 points higher than where it was when SPX quote was at 1131 last night. Dow down 150 points from our close and FTSE quote is only 30 points lower. !!!!!!!!!


edit: they honoured 2 out of 4:-( but they were good about it

 

[Trading Shed]

4430 seems to still be holding!! Am I dreaming? Which way now?

 

[bonsai]

morning TS

it is a situation which occurs occasionally and from which you can make money

they are never likely to leave you on a new low past support out of hours.

just make sure you know where that support is !



edit
sorry, I meant support, so I have changed it

 

[mully]

FTSE100 appears to be initially respecting the support at 4430. However, FTSE250 is not supporting. Careful

 

[bonsai]

so aha !

the channel line is still intact !

that may have surprised a few of you ?

 

[Hooya]

I guess it's one way to narrow the FTSE/US differential

 

[bonsai]

the dax is also trying to 'balls' it out ?

 

[Hooya]

and doing pretty well by the looks of things.

still potential for a goose??? but not holding my breath

 

[bonsai]

lol

I'm stymied for a while
at best it looks like an A down
at worst it could be a lot worse

however macd might be trying to put a face on it.
(on zero now from above)

 

[Hooya]

such as a 1???

Im thick translate stymied for me please in to Hooya English

 

[bonsai]

sorry, man just arrived to repair the water softener

stymie ?

a situation on the putting green in which an opponents ball
blocks the way to the hole.



or - frustrated !

 

[Hooya]

ahhhhhh thanks

 

[Hooya]

Futs testinig that 410 area again

 

[Hooya]

where's your channel? mines at 16ish on a line chart

edit: I also have two different uptrendlines that are both between 400-410 now on a candle chart