Anyone scalping the FTSE Futures??

[SuddenDeath]

facebook ? *&%$£

 

[SuddenDeath]

which way will uncle sam go today

facebook 33.15 down 13% !!!

 

[SuddenDeath]

what does history tell us about ipo's that trade close to their issue price on day one??

 

[Dick Lexic]

facebook 33.15 down 13% !!!

buy low?

 

[SuddenDeath]

buy low?

the fact that the ipo did not get pulled may indicate that those doing the issuing think that the outlook for markets its going to deteriorate . is this a correct conclusion?

 

[Dick Lexic]

the fact that the ipo did not get pulled may indicate that those doing the issuing think that the outlook for markets its going to deteriorate . is this a correct conclusion?

i just do charts sd ....not really into all the shenanigans and jiggery pokery....might just be scare tactics we'll soon know

 

[SuddenDeath]

i just do charts sd ....not really into all the shenanigans and jiggery pokery....might just be scare tactics we'll soon know

just trade what u see, best way.

 

[barjon]

the fact that the ipo did not get pulled may indicate that those doing the issuing think that the outlook for markets its going to deteriorate . is this a correct conclusion?

nah, Zuck's had his wedding arranged. Under California law he gets to keep what was his before marriage, but has to share after. Pull the ipo and he gotta share it or pull the wedding too.

 

[Sidekicker]

I just had Bloomberg Europe on in the background this morning, one of their shows mentioned that some expected a small recovery today before the markets continued on their decline this week. They mentioned JP Morgan believed that the downward trend would continue, but volatility today might cause some spikes which investors could use to close losing positions.

I didn't take a position but I've had my charts open to keep an eye on it. From about 6am onwards there has been an increase with the FTSE at 5309.5 and the DAX at 6342.8, but yeah since that seems to be the extent of it.

Never ever follow what GS or JPM say. You do not know when they are talking their book or leading punters the opposite way.

 

[Sidekicker]

I dont know which way to go. An analyst called Robert Mchugh is calling a multi year bear market from here...
David Schwartz is calling the market up through the Olympics.
Who knows???

This is why there are bulls and bears.
Don't listen to any of them and make your own mind up.

 

[SuddenDeath]

FTSE100 Triggers for Tuesday

Buy 5300
Sell 5290

FTSE100 4.35pm close = dow 12,430

 

[moscheeno]

its tough trading these swings!

 

[SuddenDeath]

its tough trading these swings!

yep market has been very volatile.

But FTSE is now around 5350 and is bullish as long as it stays above 5290 on Tuesday

 

[Sidekicker]

yep market has been very volatile.

But FTSE is now around 5350 and is bullish as long as it stays above 5290 on Tuesday

Daily res 5350. Needs a daly close above this to allow a move back up to 5500 before back down again.
Close below 5350 and 5100 is open.

 

[e_dash]

its tough trading these swings!

Yep. I wonder how it'll move today...

 

[Dick Lexic]

380 still key for me.....

 

[SuddenDeath]

hi Dick Lexic. RIO +3.5%

 

[Dick Lexic]

hi sd, your monthly fib is up +100!......some people describe the 61.8% as the safest place to trade

 

[SuddenDeath]

hi sd, your monthly fib is up +100!......some people describe the 61.8% as the safest place to trade

It may be a big coincidence. do u think it holds?

 

[SuddenDeath]

FTSE100 5336 = Dow unchanged