The FTSE 2007

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Blu-Ray

Active member
Mar 14, 2006
111
12
28
#2
I know UK Hero done a great job in 2006 and unfortunately he's not going to be doing his daily posts this year.

Lets hope we can get some discussions and ideas on this thread and try to do it some justice.
 

aspex

Active member
Mar 3, 2002
223
3
28
79
Auckland
#3
This is a personal wish.
I would like to see some discussion on individual stock trends within the FTSE100.
The aim would be to trade stocks on the long and short sides with some balance in order to reduce or eliminate the overall market effect.
If you look at FTSE100 stocks over the last 12 months, there have been some significant divergences.
Mining and property based stocks have been up 50% to 90%. On the low side some shares have dropped out and quite a few have stagnated or dropped. These are like BP, Shell, ITV and the out of favours.
Considering the rise overall a flat market would see a range of possibly from +50% to -30% and a bear move would run even more to the low side of the range.
Taking into account the ease of trading short side these days, there should be some good profits to be made with a low risk.
 

chump

Well-known member
Dec 12, 2003
2,212
274
93
111
#4
LOL...love it rates up ... ..now let's see how the FT likes that. Oops that was quick
 

Mornington Crescent

Well-known member
Jun 8, 2004
1,500
14
48
#8
yesterdays fall looks artificial - with hindsight.
advance/decline stayed positive throughout, so I expect a number of mm's just pulled their order book.
 

catracho

Active member
Oct 17, 2006
355
34
38
Andalucia
#13
Looks like one could short the FTSE with a stop just above 6340...target 6100-6000 ish...
A break above 6340 could mean new highs as long as it is a convinving break.(.ie not a false one day thing )-6500-6600..HOWEVER the bearsih divergences seem to point to a weakening uptrend...(also the case for many of the major indices)..

chart attached
 

Attachments

Dec 19, 2003
10
0
11
#15
Dunedin said:
Why leave all the forex traders to the live calls........ :LOL:

Short FTSE @ 6250 (using CMC) :-0
Bit close for comfort for a while.......... but closed one third at 30; stop on remaining to break even.
 
Dec 19, 2003
10
0
11
#16
Remaining out at 50 = total +20.

Any one else out there ?
 

Hook Shot

Well-known member
Jul 28, 2005
2,110
51
58
Manchester
#17
Crunch Time ?

catracho said:
Looks like one could short the FTSE with a stop just above 6340...target 6100-6000 ish...
A break above 6340 could mean new highs as long as it is a convinving break.(.ie not a false one day thing )-6500-6600..HOWEVER the bearsih divergences seem to point to a weakening uptrend...(also the case for many of the major indices)..

chart attached
How weak is this trend ?

Will be like shooting fish in a barrel....... the best thing that Ftse can do now is consolidate at highs - that's the only way I won't win (near term)

If it spurts it's dead meat (after exertions this week) and if it reverses...... Kerching :cheesy:

PS 65/6600 do look plausible if it gets out of this sticky period....
 

FetteredChinos

Well-known member
Jun 11, 2003
3,897
40
58
41
Fraggle Rock
www.xlexceladdin.com
#18
not sure about being on the short side just yet Hook.

factors supporting the market..

1) Pre-election year in the US.. average gain is approx 18% alone in those years.. far more bullish than any other year by some margin

2) Still in the Oct-April bullish period

3) Still in the Month-end markup period.

4) Not yet at the all time highs, Dow is there, FTSE is trying its hardest to catchup.

i think we will see 7,000 before we ever see 5500 again.

FC
 

catracho

Active member
Oct 17, 2006
355
34
38
Andalucia
#19
US employment figures today..combined with a Full MOON...could lead to some fireworks...! Keeping the powder dry...for the mo. (away next week so no trading after today! ) it's starting to look too obvious- plus the performace of DAX and DOW to new highs..may mean we do get the upside break...definitely worth watching tho - if we don't !!
 

Hook Shot

Well-known member
Jul 28, 2005
2,110
51
58
Manchester
#20
FetteredChinos said:
not sure about being on the short side just yet Hook.

factors supporting the market..

1) Pre-election year in the US.. average gain is approx 18% alone in those years.. far more bullish than any other year by some margin

2) Still in the Oct-April bullish period

3) Still in the Month-end markup period.

4) Not yet at the all time highs, Dow is there, FTSE is trying its hardest to catchup.

i think we will see 7,000 before we ever see 5500 again.

FC
FC - I'm not jumping in yet........... but good of you to caution me.
I just think that Ftse getting stretched.... near term.

I'm not telling market to go down ....... I just know it only has so much "Energy".
We'll see... :D

Cheers