FTSE 100 February

  • Thread starter Thread starter bonsai
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Hi Lee
I was talking about you earlier on.
Don't know if I deleted everything

😆

I see the triangle didnt pan out, but direction was O.K ?

It's all beginning to look like a horrible abc from the low of around 1115 ?

so keep an eye on the apex still.
 
off piste today, but it sounds as if you had fun 🙂

Today's candle quite positive but it didn't test Monday or
Wednesday highs 🙁 . Still leaves me short term bullish
relying on the hammer.

Last week's signal of change to down in intermediate trend
doesn't seem shaken as yet since we didn't get that bounce and
hold above 431. However the weekly candle has a hammerish
look about it and it sits on a fib 50 support which comes from a
swing low (20/11) and may have some validity about it :?: So you
never know, but it still leaves me intermediate term bearish.

Hope everyone had a good week.
 

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mully
you asked me to put up a chart of the current status of the channel

friday close of play, bottom line was at 4456 and rising at 30%pa
(all my gradients are expressed in per annum terms)

as 4359 appears to be a significant level, I have to conclude that
we are correcting the 4082/4531 range.

But that is no guarantee that 4359 will hold, so I have also
drawn the lines for the other 2 fibs which are at 4307 and 4253
From a chart point of view, I think they both look equally attractive.

On the upside, a pull back to 4445 or 4465 looks possible.
At which point we would have to take fresh stock of the situation
as that would bring it close to the underside of the bottom line.

More than that is beyond the capabilities of my tea leaves.
😆
 

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Bonsai.
Re your chart with fib grid 4531/4082 and retracement of 50% at 4360.
Have looked at the last cycle 4312/4532 and note a retracement of .786 also at 4360.[ 0.786 is a common pull back].This lines up with your 50% mark. It's gone back up to a close of 4402 last friday,so, it may well get to your target area 4445/65,or even 4480. I will trade this for the short term.
lol
 
dont forget the gap at 68 as well🙂

but think the ascending triangle we are in is where my thoughts
are for today. Could break up or it could turn into something else
 
morning,

Bonsai, I did see my name mentioned.....then you have deleted all the conversation, what cant you say to my face that you say behind my back...lol...only kidding.

hooya...down today?...😉
 
Two interesting things this morning:-

1) Neil Back not to take part in 6 nations opener!!!!
2) Swager on TT is getting a right grilling this morning LOL
 
I just think since he spoke at Tom H's seminar, traders have
actually started to watch what he posts and realise there is
something quite not right about it? He shorted '496 up to '590 in the US on Friday......mad absolutely mad

I quote "If theres a problem beat it to death with a bag of money and it will go away '.

Have a look at the website http://www.quantamanagement.co.uk/

now would you invest 100k ????
 
morning guys, hope you all had good weekend 😆

not gonna be around much as the boss has got back, and so i have to at least look as though im doing some work lol

good to see my predictions about friday/monday so far have come good. if we see 4429/4430 by stumps today then i'l be going short at the close.

hooya, regarding your earlier points..

1) i think neil back still features in Sir Clive's plans, else Clive would have had a quiet word and advised him to "retire" after the WC.

2) swager is getting a right roasting isnt he.. second time he has been on the wrong end of a 100 point move in 2 weeks.

anyway, hope you're all doing well today.

FC
 
Looking at Swager's web site, I see he is billed as a Private Hedge Fund and is clearly prospecting for business, but I see no FSA approval.
 
HI FC, good run this morning on the back of Fridays strong
US performance. Call me a short term bear but think it will
be short lived. Moved into overbought now and getting
some divergences and the rise looks a bit too organised
to me. Which always rings alarm bells. we are currently
only 9 points higher than the gap open which again makes
me think a possible am-pm reversal at least to the gap open level of 21 is on the cards. Be interesting to see what happens aprésmidi.

edit:-
and yahoo showing a big volume spike now?? but never can
be sure of it's accuracy
 
Last edited:
Hooya, agreed we are now short-term overbought. We have now hit my target, so at 4.30ish i shall be whacking in a big old sell order. i reckon there is probably another 15-20 points left in this move up. No analysis backing this up, just experience from my previous trades over the last few months on how my trades tend to run.

sorry i couldnt be more helpful though!!

looking for a down week though this week.

are you still tracking the weekly candles??


i think the US is going to open strongly, after its decent close on friday. then it is probably due a wee retrace, but by then i should be in my short 😆


is Old Father Time around today? or is he away this week again?

FC
 
not sure about Bonsai LOL

but if he were here he would be saying "thats what c waves
are for....making money" 🙂

Havent looked at US weekly yet (this week), will do this afternoon
 
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