Anyone scalping the FTSE Futures??

[Dick Lexic]

weekly piv 560 cash

sorry 5860 cash i mean

 

[hereward the wake]

Ceiling today about 5863

 

[Dick Lexic]

s&p back at 1460cash

 

[SuddenDeath]

SP50 cash pivots Tuesday

Buy 1460.9
Sell 1459.9

 

[et.]

I think the bottom may be in at 5778 but for that I'm relying on an interpretation of just one chart - the weekly chart.

I still feel we should at least break the 4hr bearish channel (top to bearish candle 19/09/12), and maybe we pullback to retest the channel from c5869.

This happened but the price went to 5860. The 1 hour chart now shows an IHS emerging out of the bearish channel. These formations are never confirmed until the neckline breaks, and you only need to look at 18/09/12 for an example where an IHS faked.

I think there is a good chance to reach 5869 but it wouldn't surprise me if we went down from there or got stuck in a range.

If the right shoulder is like the left, we could be in for 30 point ranged day

 

[Dick Lexic]

will there be a bus at 9?

 

[Dick Lexic]

tried a long this morning....need to be quick draw mcgraw🙁

 

[Dick Lexic]

will there be a bus at 9?

it'll be the number 44 if it arrives🙂

 

[SuddenDeath]

it'll be the number 44 if it arrives🙂

🙂

 

[hereward the wake]

it'll be the number 44 if it arrives🙂

or 88

 

[hereward the wake]

🙂

44 droopy drawers

 

[SuddenDeath]

44 droopy drawers

hehe

44's sort of resistance from august

 

[Dick Lexic]

bus service poor today🙂

 

[SuddenDeath]

think we sit in a 15 pt range until US opens,

5mins to UK mortgage data.

trading pivots in narrow range is tough. might try them on dax, more points

 

[bustech]

isnt the dividend issue a zero sum? dividend is paid out the stock fall by the amount of the dividend so in theory there is no "payout"

Morning SD

Is can and can not be a zero sum game.
It can effect index price on the lead up days and the day itself.
Divs are very powerful trading tool for indices.

 

[bustech]

bus service poor today🙂

Bus Strike

 

[Dick Lexic]

Bus Strike

😆

 

[SuddenDeath]

Morning SD

Is can and can not be a zero sum game.
It can effect index price on the lead up days and the day itself.
Divs are very powerful trading tool for indices.

its the theory hear about, market does not offer "free money" i suppose the tax effect might make shorting unprofitable

 

[SuddenDeath]

FTSE sure loves the 44's

 

[bustech]

its the theory hear about, market does not offer "free money" i suppose the tax effect might make shorting unprofitable

In a weak or trending lower market, you can short a bank stock at the close.
Pay the div and the price will drop more than the div payout at the next open.
No good in the current market.