Simon, I noticed you change the limitation on stop loss on the Dow to 4 points (during US market hours). Well 2 points was a little bit too much of a gift wasn't it? 4 points is quite OK by me though.last few days a definite case in point
market 'falls' to 5725 (support) (all clients get long) and quickly bounces back to 5840 (resistance) (clients take profit on way up and get short) falls to 5780 (clients take profit but not a big enough fall to buy)
now up at 5835 clients selling again.... probably going to fall back below 5800 !
there is just not enough news to move the markets out of their ranges. the FTSE has effectively traded between 5700 and 5900 for two months.
simon