Anyone scalping the FTSE Futures??

[SuddenDeath]

BLT has broken bottom of very large bear flag 1828

BLT 1796 and a long way further to fall

 

[mat belton]

RIO/BLT down heavy also BP down heavy

if JPM is bust, best load up with water and guns !! Miners hit by Chinese growth worries, Banks hit by the likely exit of Greece... i am short the S&P, if 1336 breaks where is the next level please DJ ?

 

[SuddenDeath]

Why is BARC down 4.4% ??

 

[mat belton]

Why is BARC down 4.4% ??

Barclays earns 70% of its earning via its investment bank (ongoing worries form JPM) and they have a Spanish subsidiary (branch network)

 

[SuddenDeath]

Barclays earns 70% of its earning via its investment bank (ongoing worries form JPM) and they have a Spanish subsidiary (branch network)

those two things are not news they are "known knowns" to quote rumsveld

 

[mat belton]

those two things are not news they are "known knowns" to quote rumsveld

i agree, but ongoing poor sentiment from these events continues to have a drag on the stock, i have bought Barc today

 

[DaddyJohn]

if JPM is bust, best load up with water and guns !! Miners hit by Chinese growth worries, Banks hit by the likely exit of Greece... i am short the S&P, if 1336 breaks where is the next level please DJ ?

1332 , then 1330

 

[DaddyJohn]

1332 , then 1330

es

 

[mat belton]

es

thanks

 

[SuddenDeath]

i agree, but ongoing poor sentiment from these events continues to have a drag on the stock, i have bought Barc today

Good luck,

 

[SuddenDeath]

perhaps we will get 5100 ftse over next few weeks

 

[DaddyJohn]

My view is ftse heading for 5350 area... in my view price action has all the hallmarks of an important low about to be formed... my view is that the big boys are slowly taking it down as they turn over their position to load up for the next push up.. if I am right you should see repeats of the last few days where we will see buying volume coming in periodically as they load up for the next push..

 

[SuddenDeath]

BARC looks like a bear flag break down, unless it can regain 210p from current 190p

 

[SuddenDeath]

My view is ftse heading for 5350 area... in my view price action has all the hallmarks of an important low about to be formed... my view is that the big boys are slowly taking it down as they turn over their position to load up for the next push up.. if I am right you should see repeats of the last few days where we will see buying volume coming in periodically as they load up for the next push..

Dear DaddyJohn

If resource stocks are repricing in slower emerging markets growth then the repricing has a long way to go, check the charts of RIO/BLT, BLT bear flag breakdown will fall a long way if 1895 is not regained (getting back inside bear flag)

 

[DaddyJohn]

Dear DaddyJohn

If resource stocks are repricing in slower emerging markets growth then the repricing has a long way to go, check the charts of RIO/BLT, BLT bear flag breakdown will fall a long way if 1895 is not regained (getting back inside bear flag)

PBOC cut the resereve requirement this morning.... market should like this..

 

[SuddenDeath]

PBOC cut the resereve requirement this morning.... market should like this..

Perhaps markets fall into sept/oct and possibly rally only if we get QE3 before then.
Big stocks making 5-7 month lows

US10yr 1.784 yield (7 month lows) this is heading to 1.4% at which point the USA will collapse

 

[mat belton]

thanks for Barclays flag, short FTSE against the position, also short S&P / Dax

 

[MartinC-J]

Just wanted to say thanks to everyone in this thread and particular CJ Martin for helping a newbie out. I was lurking on this which opened my world up to Al Brooks. I am also paper trading on Open Ecry which is the best that I have tried so far and I have tried quite a few.

Granted I am only 2 months into my learning curve and in no way ready to trade live yet, but the results so far are very encouraging - that is once I stopped paper trading volatile commodities like Crude Oil and switched to Indices.

Just a quick thanks to everyone involved on this thread.

begeegs - thanks for the compliments. Good luck with your trading on OEC. I think they have a very nice platform to trade futures on. Yes, stay away from Crude. It's a very different beast to the indices. I haven't read Al Brooks's latest book. I hope it is an easier read than the first.

 

[MartinC-J]

My view is ftse heading for 5350 area... in my view price action has all the hallmarks of an important low about to be formed... my view is that the big boys are slowly taking it down as they turn over their position to load up for the next push up.. if I am right you should see repeats of the last few days where we will see buying volume coming in periodically as they load up for the next push..

John - how do you see buying volume coming in? Is that from your money flow indicator?

As for what to expect this afternoon, it hasn't retraced even 38%, which is bearish. So maybe a short spike at 2:30pm and then back down again.

 

[Sidekicker]

My view is ftse heading for 5350 area... in my view price action has all the hallmarks of an important low about to be formed... my view is that the big boys are slowly taking it down as they turn over their position to load up for the next push up.. if I am right you should see repeats of the last few days where we will see buying volume coming in periodically as they load up for the next push..

My view is almost the complete opposite, ie this area has all been the market top. There are still too many bulls in the market at the current time so they need to be flushed out.
If there's no bailout (or QE) news then we continue down.