Anyone scalping the FTSE Futures??

[SuddenDeath]

FTSE implying DOW being down 161pts

 

[SuddenDeath]

FTSE now implying Dow being down 174 pts

SPY implies Dow being down 104 pts

 

[DaddyJohn]

Well, if this is a key bottom that DC mentioned , they are certainly making hard sweat of it...

 

[SuddenDeath]

you could make a case for a head shoulders, drawing line from dec 2011 low 5330 to the 11 apr 2012 low 5577 would give target of 5100ish unless we can get above neckline 5640

 

[SuddenDeath]

GBPUSD very strong (breaking 12 days low ish) puts pressure on indices, especially the resource heavy indices

 

[Dick Lexic]

you could make a case for a head shoulders, drawing line from dec 2011 low 5330 to the 11 apr 2012 low 5577 would give target of 5100ish unless we can get above neckline 5640

monthly chart shows possible h&s......long way down

 

[Dick Lexic]

is this the cavalry to the rescue??? or will they runn head into big chief running bear and his short injuns?

maybe John Wayne wil come to the rescue

 

[SuddenDeath]

BP down 1.9% locating the reversal point for BP/RIO will help to find bottom in FTSE100

 

[SuddenDeath]

BP down 2.3% emergin mkt slowdown and weak crude, weird how crude prices fall just in time to help Obummer get re-elected

 

[SuddenDeath]

BP now 404. RIO down 0.9%

FTSE weakness relative to Dow when dow cash is closed, can be explained by the fact that London is a very deep liquid market, if u need to sell huge volume london is your spot.

FTSE down 62 implies Dow down 260 pts

 

[Sidekicker]

Biderman's Daily Edge 5/8/2012: Sell in May and Go Away for Third Straight Year

Biderman's Daily Edge 5/8/2012: Sell in May and Go Away for Third Straight Year - YouTube

The Sell in may strategy has been disproven.

 

[Dick Lexic]

looking at the 4 hour charts it seems the dax/S&P don't want to follow

 

[DaddyJohn]

looking at the 4 hour charts it seems the dax/S&P don't want to follow

I think the ftse is done for now ---- "famous last words"

this could be the low !!

 

[DaddyJohn]

I think the ftse is done for now ---- "famous last words"

this could be the low !!

something is badly wrong with this picture...... compared to other indexes ftse has a mind of its own

 

[Dick Lexic]

yeah it looks kinda odd ...have a look at the ftse yearly chart it looks like something begining with s and ending with a t

 

[barjon]

I think the ftse is done for now ---- "famous last words"

this could be the low !!

Following that advice I'm long again (5493 cash) . The hedge didn't work out and I killed the pair after my initial long gains were wiped out. ftse has continued weak -65 so far today. A mind of its own indeed, but I'll still bank on it going strong with a hedge if we get back to below 5490.

 

[barjon]

yeah it looks kinda odd ...have a look at the ftse yearly chart it looks like something begining with s and ending with a t

relative to dow the ftse is getting on for 300 points below where it should be at the moment from beginning of year.

 

[barjon]

hedged now with dow short at 12830

 

[ChocolateDigestive]

relative to dow the ftse is getting on for 300 points below where it should be at the moment.

Hey Barjon

I noticed that this morning too, the Dax/FTSE got really out of whack, the CAC marched on though (not that I follow those peasant frogs).

 

[barjon]

Hey Barjon

I noticed that this morning too, the Dax/FTSE got really out of whack, the CAC marched on though (not that I follow those peasant frogs).

aye, ftse now about - 70 weak relative to dow on the day so far