FTSE 100 January

[Rognvald]

Compare it with this in P+F

 

[bonsai]

great charts Rognvald

unfortunately my ISP doesnt like them or is working to rule !!

the first was 429k and the second was 347k. Took ages to show up.

 

[Rognvald]

Sorry - I'll try to reduce by experiment. Is it my imagination or is the site slow tonight?

 

[bonsai]

I'm on 56kb so everything is slow

but I'm not allowed to have broadband.

BT won't allow it.

boo hoo

 

[bonsai]

Hooya, are you fishing for compliments ?

yours was undoubtedly a triangle and what's more came to an apex.

if you have followed my threads, you will know what happens at the apex !

 

[Rognvald]

Sorry should have put on P+F price targets to provoke some discussion

 

[bonsai]

sorry Rognvald, no argument with you on that. perfectly possible.

I had my say at the beginning of the thread.

pity though that your target seems to be falling ?

 

[bonsai]

I posted a calendar at the beginning of the December thread
which showed expiry dates.

This needs amending as equity options now expire on 3rd FRIDAY
and not Wednesday.

Calendar has been amended.

 

[Hooya]

Me fishing.....never(although I wasnt convinced it was a triangle 'cause of slow move out of it). and as you are suggesting (I assume) the apex usually provides a good move, which we seemed to start at the close yesterday and according to cmc are like to continue in a gap up.

 

[Hooya]

Oh btw Bonsai, I hope you dont mind but I borrowed the Calander for the UKX thread

 

[hungrybear]

Happy New Year.

Just catching up, so a few late comments.

The Ftse futures did spike up above 4500 after hours when it had been trading circa 4430. I struck lucky and got a short at 4508 and madea very rapid 60 points!

Regarding upper targets, whilst valid, I'm finding that technical indicators are pretty unreliable on this rally, I believe probably because retracements aren't permitted. The Ftse has been struggling upwards compared to other markets, so unless it can break free in similar fashion to the Dow during December I'm sceptical of targtes near 5000. If we see a decent retracement then a rally, then it'll be more likely.

 

[bonsai]

morning
Hooya, remember its a leap year.
or has she named the date already?


Looks like we have a reversal on our hands ?
its that fib at 516 isn't it ?

 

[Hooya]

Bonsai LOL...

extremely annoying start...cmc quote and the futures is assume hung around nicely discounted to cash and refused to budge from the open. Looks like the cash got dizzy on it's own up there.

Watching 95ish for support to see if it holds.

 

[bonsai]

discount probably relates to big ex-div announcements coming
in March series ?
FV seems to be about -10 at the moment.

 

[Hooya]

even so cmc quote was holding back, they should have the FV accounted for. quote pretty much on par with the cash now

 

[Hooya]

FTSE and Gold leading the way?

<img src='http://www.kitco.com/images/live/gold.gif'>

 

[Rognvald]

Bonsai
The 4965 target was taken at a major turning point - since then the next gave 4905 after a pullback to support. The last at 4830 is technically the least valid

 

[Hooya]

Got this gap at 507 intraday on my charts. (5 min chart) How ever there is a definite one at the top today but it's in the 1 min chart and raises the question "when is a gap a gap". NO answers please

 

[Hooya]

the other one

 

[Hooya]

here's another chart for you guys