Anyone scalping the FTSE Futures??

by Charles Gave and Louis Gave

With emerging markets in panic mode, investors are bound to be reminded of the enduring observation, first made by a 19th century British businessman named John Mills, that: “Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal in hopelessly unproductive works.”

http://advisoranalyst.com/glablog/2014/01/27/gavekal-explains-the-emerging-market-panic.html
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dunno, some form of roving bots I guess - which must mean the filter that caused all the posting probs was pretty useless. On the other hand it might have been Oscars army looking to see how he ought to direct his video :LOL:

i think trade2win sabotage themselves with a rogue algorithm , instead of sclaping 1/8's on the 3 month bills it started attacking the posters?

Frankensteins monster, never tamper with computer code , especially visual basic 7
 

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Home > Comment > The Trader
Are we there yet?

DAX 30
FTSE 100
S&P 500


Has the sell-off in equities gone far enough? The sharpness of the selling has brought the FTSE, DAX and S&P back to around key daily averages, as well as having got rid of overbought momentum readings. In this sense, the correction has already done its job, but I am leery about trying to get back in too early. I do believe that the sell-off will give way to further gains to new all-time highs in each case. It is merely a question of precise timing and I would like to see a powerful bounce before recommitting to long positions.

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DAX 30



The DAX has stabilised above yesterday’s intraday lows at 9282. However, the failure to rally convincingly despite the oversoldness is a worry. Failing a fast return to the uptrend, I fear we could get more downside to 9180. After this shakeout, I seek 9817 and beyond.

DAY: I would consider shorting a reversal back through the 13-fourhourly.

POSITION: Neutral for now. I will buy again once the 21- and 55-EMAs recross.

SUPPORT RESISTANCE

9301.5
9657.1
9246.3 9545.6

9202.2
9448.7

9069.8
9412.4
FTSE 100



The FTSE is deeply oversold on its fourhourly chart, which raises the likelihood of a near-term bounce. Whether that move powers through the intraday EMAs or ends in failure will determine my next move. I am still fearful of a dip through 6500, ahead of the next rally to 6951.

DAY: I might consider near-term shorts if the price fails at the 13-fourhourly EMA.

POSITION: Neutral for now.

SUPPORT R ESISTANCE
6421.5

6766.0

6317.2


6717.5

6271.2


6693.5

6214.3


6641.2
S&P 500



At yesterday’s intraday lows, the S&P had made it most of the way down to my next bearish target 1767.6. At the very least, I’d want to see the price power back through its 55-fourhourly EMA before trying to buy again. My bigger-picture view remains that we go to 1900 and beyond.

DAY: I might short a reversal around the 13-fourhourly EMA.

POSITION: Neutral.
SUPPORT RESISTANCE
1790.1 1837.6
1777.4

1827.1
1767.5

1807.2

1755.7


1797.2
 
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