FTSE100 - January 2005

[tradesmart]

Good to see that the 4875 target mentioned before Christmas has been met today, and more confirmation that these simple target calcs based on chart geometry very often work……

The 85 high consolidation just below the current highs suggests a future target of 4935 imho......

 

[barjon]

nice one ts.

In the immediate term, a new high but a close below the 7/1 close high and a shooting star harami to boot. On a close basis, could be viewed as a bearish upthrust and yet another failed attempt to take out that close high. The warning lights went out early on but one flickered back on again by the end - long still running tho'.

Tomorrow will be interesting, but I'm off piste. You'll have to do the Feb honours bracke.

good trading

jon

 

[bracke]

To our myriad readers

January thread now closed. February thread open for business. Dosen't Tempus Fugit.

Regards

bracke