FTSE 100 February

[FetteredChinos]

btw Jonny, thanks for the vote..


want me to scratch your back now?


lol

FC

 

[Hooya]

could just be froming the right shoulder of a 1 day inverse h&s.


but not if US breaks 440!!

 

[FetteredChinos]

its giving it some isnt it?

 

[FetteredChinos]

what do you guys reckon? perhaps the opposite of a "pop and drop" ?? whatever that is called, followed by a long and tedious grind up to close above 10500 in time for the fireworks tmr?


FC

 

[Hooya]

"drop and pop" ????lol

 

[Hooya]

all I know if the trendline goes (currently just above 500)
600 shouldnt be a problem

 

[FetteredChinos]

knowledge is a dangerous thing...

maybe your should acknowledge your ignorance.

though look what that did to Socrates..maybe not a good idea.




and no, i dont mean the bearded brazilian wonder!


FC

 

[bonsai]

no hurry ?
we have a top line and a new bottom line
let the market tell us ?

meanwhile trading it as the zig


edit

 

[FetteredChinos]

you still dancing then, Bonsai?

cha-cha-cha

 

[Hooya]

could be a zig or a flat or even a triangle...think
its going to be a hindsight call for me on this one but the overall
idea of a B still looks good to me

 

[bonsai]

£ has been moving for a while

 

[Hooya]

so I see

 

[bonsai]

perhaps I should have said $ is on the move.
so we are inexorably getting less competitive.

so Gordon argues, why not put up interest rates as well
and really kill it off.

 

[mully]

Bonsai,

Any chance for an update of your FTSE chart and your channels?

 

[FetteredChinos]

tempting fate now, but Dow looking good for a decent break to the upside. FTSE as ever remaining more cautious.

a sizeable break and continuation above 10480 would suit me, as otherwise that descending triangle was getting worried about the americans expectation of the news tomorrow.


still maybe i should keep shtum for a while.

FC

 

[bonsai]

channel bottom is now about 4450

chart is on other pc I'm afraid

maybe tonight ?

 

[Hooya]

very good simple chart of the dow here

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID493038&cmd=show[s14046333]&disp=P

second chart

 

[Hooya]

be back in 20...going for a bit of a run to get the blood circulating.

Im not usually this energetic but it is a treadmill so not to much of an effort to move from one room to another

 

[Finirama]

1 hour 2 peak negative divergence on RSI!!!

 

[bonsai]

followers of the 1 day will have seen that signal ?
zig is well under way now.