Anyone scalping the FTSE Futures??

[dc2000]

short again 471 and 952 looking for 415 FTSE to take both off

 

[dc2000]

which should put DOW about 11887 if that comes first then will exit both

 

[DaddyJohn]

short again 471 and 952 looking for 415 FTSE to take both off

test of the buy day low?

 

[reksa]

5463 taken out. 5430-33 next level for me. 161% Extension including globex high. Monday low.

 

[dc2000]

test of the buy day low?

yes I expect it to provide a little interim support until the US wakes up

 

[DaddyJohn]

ES now at VA lows from 2 days ago... FTSE at medium term trend line and approaching Buy day low from three days ago.... mmmm.. watch for a turn here.

 

[dc2000]

ES now at VA lows from 2 days ago... FTSE at medium term trend line and approaching Buy day low from three days ago.... mmmm.. watch for a turn here.

I would expect a break of low anywhere down to 405 which would be a short signal from a pullback which would be at 5468

 

[MartinC-J]

I really wouldn't recommend bottom fishing. I've messed up on a couple of "oh it can't get any lower than this" trades. Sadly I made some money on the last one long at 43, out at 63 at 20 EMA. Looks like I haven't learned my lesson, and will probably lose more than I gain in the future.

 

[Dick Lexic]

the volume is picking up

 

[DaddyJohn]

:whistling

 

[ordinaryguy76]

getting close to credit card interest ?

:whistling

 

[Dick Lexic]

well if you think about it there must have been lots of selling goin on yesterday.....that's what the big push was..

 

[Dick Lexic]

so all wee need to do is figure out what the monkeys are planing today

 

[DaddyJohn]

a lot of volume just hit the ES at 1237

 

[brewski1984]

It was me, I went short 50p per point.

 

[DaddyJohn]

rule 48 envoked --- what a surprise!!

 

[MartinC-J]

Whatever happens it is likely to be a hairy start at 2:30pm. I have no idea what to expect, except volatility.

As for the Italian bond situation, a bailout is inevitable. These things tend to become self fulfilling prophecies. Just like forcing the UK out of the EMU. The market ends up betting it is going to happen, and will not rest until it does. Same happened for Greece, Ireland, Portugal. Don't forget Spain their bond rates are going sky high. Will the IMF bail them out? Even the IMF doesn't have that kind of money. So where does this leave all our big banks? Bit scary, isn't it.

 

[MartinC-J]

Could another flash crash happen? Have they put limits on the bots to stop it from happening?

 

[DaddyJohn]

2 bn sellside imbalance

 

[reksa]

Whatever happens it is likely to be a hairy start at 2:30pm. I have no idea what to expect, except volatility.

As for the Italian bond situation, a bailout is inevitable. These things tend to become self fulfilling prophecies. Just like forcing the UK out of the EMU. The market ends up betting it is going to happen, and will not rest until it does. Same happened for Greece, Ireland, Portugal. Don't forget Spain their bond rates are going sky high. Will the IMF bail them out? Even the IMF doesn't have that kind of money. So where does this leave all our big banks? Bit scary, isn't it.

ECB does though.