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So the unknown is BoE decision and what that could do to the FTSE.
My thoughts are no change is bad as the economy is not as strong as we thought and even with runaway house prices the brains at the bank are woorried about hiking.
Up 1/4 is bad as it will hurt manufacturing and exporters and only help the banks, also act as a brake on whole economy
Up 1/2 is pretty unthinkable but would show a panic so very bad
So overall can't see tomorrow propelling market upwards
Only caveat here is that i think my mind has closed out the possibility of market moving higher due to strong convictions and a short position.....always a dangerous place to be so i welcome any contrarian views
Splash
My thoughts are no change is bad as the economy is not as strong as we thought and even with runaway house prices the brains at the bank are woorried about hiking.
Up 1/4 is bad as it will hurt manufacturing and exporters and only help the banks, also act as a brake on whole economy
Up 1/2 is pretty unthinkable but would show a panic so very bad
So overall can't see tomorrow propelling market upwards
Only caveat here is that i think my mind has closed out the possibility of market moving higher due to strong convictions and a short position.....always a dangerous place to be so i welcome any contrarian views
Splash
decent volume going through at the figure, some big bids seem to be coming in and getting hit
agree on the us point oatman but going into easter weekend would you want to be long after a 200 point run up from the lows?
what do you make in general when there is a real tussle at a figure?
I always think if it sails through without noticing then it has maybe 30-40 points further to run but not sure when we see a real battle.....maybe it will just mark it out as a future res/support level?
agree on the us point oatman but going into easter weekend would you want to be long after a 200 point run up from the lows?
what do you make in general when there is a real tussle at a figure?
I always think if it sails through without noticing then it has maybe 30-40 points further to run but not sure when we see a real battle.....maybe it will just mark it out as a future res/support level?
Didn't realise you just looked at the open to close gap, i've got that at 4541 to 4500.
I was looking at low of 10th being 4519 and high of 11th being 4507. But then i am a technical numpty.
Do you always look at the open/close gap?
If so surely these occur on a lot of days but generally get filled in the day.
Whereas the actual gap, as illustrated above, that has yet to be filled could deem to be more significant?
Splash
I was looking at low of 10th being 4519 and high of 11th being 4507. But then i am a technical numpty.
Do you always look at the open/close gap?
If so surely these occur on a lot of days but generally get filled in the day.
Whereas the actual gap, as illustrated above, that has yet to be filled could deem to be more significant?
Splash
Well looks like tomorrow will be interesting.
FTSE took some beating to get down but seems to be showing some weakness into the close.
I thought my screen was stuck earlier as the dow crumbled andthe good old ftse just stayed up
Maybe we'll see fibs touched tomorrow?
Evening all
FTSE took some beating to get down but seems to be showing some weakness into the close.
I thought my screen was stuck earlier as the dow crumbled andthe good old ftse just stayed up
Maybe we'll see fibs touched tomorrow?
Evening all
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