FTSE 100 February

[Hooya]

Fin they started yesterday but their fair value seems to have gone to pot in the last 1/2 hour

 

[bonsai]

just lowered my stop to 4410

 

[Hooya]

im flat now just for info. be back in a bit.

 

[Hooya]

nice pattern

 

[bonsai]

something like this ?

bit rough and ready.

 

[Hooya]

"Lots of other possibilities"--tell me about it LOL

 

[bonsai]

surely
that's why I lowered my stop
if it breaks 410 then clearly it cant be a 2 and I can get out
right away.

if it is a 2 then I can lower my stop again etc

 

[Hooya]

ahh the benefits of elliot. For me its was just moving way to slow and thought id better take the point

 

[bonsai]

who knows ?
you may have done the right thing.
you have money in the bank - I don't

from other perspectives, a bounce off 4400 could be quite strong.

 

[Finirama]

Maanged to scrape a couple of points..flat since the pullback into the so-called pennant!!

 

[Hooya]

bouncing down it is...designed to take out bad traders like me

 

[Hooya]

cmc fair value gone to pot again

 

[Hooya]

im in a real bad mood now.

 

[Finirama]

Typical....leave for half and hour and look wot happens!!!

 

[bonsai]

if I had been writing a text book, I probably could not have come up with a better example of elliott in action (with a bit of help from other factors)

the best clue was in that B wave formation.

may be worth printing it out later

However, I still cannot be sure it is a 3 wave. It could be a 'C'.

so have closed and will be looking to get back in later.

 

[Hooya]

good trading Bonsai.


btw FTSE dow difference using 2:1 is nearly 2000. Thats nearly
+ 1000 points from back in October

 

[oatman]

Which reminds me, what happened to all the index diff spreaders?

 

[bonsai]

a/d may be holding
so will be watching dax for a while

oatman
where have all the spreaders gone?
gone to graveyards every one ?
when will they ever learn !

 

[bonsai]

dax now playing catch up

but I'm not sure it's winning.

 

[bonsai]

a/d on ftse has collapsed but despite being 45pts off the top is still positive.

somebody trying to tell us something ?