FTSE 100 February

[goostrey]

thxs Mully

 

[mully]

Have we just seen a quick retest of the 12.00 lows? Appears to been rebuffed.

 

[Hooya]

not putting up a chart but rearrange these words

wedge, out, break possibly

 

[bonsai]

all I can tell you is that the original higher low is still in place.

and the £ maybe about to make a higher low as well ?

couldn't be more ambiguous, so if you're not in, it may be worth waiting.

(however the dax still needs to test its fib at 3947 ?)

 

[Hooya]

seems to me the futures react to changes in the £$ more than the cash?

 

[bonsai]

so if £ fails to make a new high and cash fails to break 4510, orthe Dow tops out ? .......

don't forget Mr Greenspan ?

 

[Hooya]

moved enough for stops to be safe from cmc

 

[bonsai]

looking a lot better now, but by god, you need the patience of a saint ?

 

[Hooya]

are Saints patient?

513.9 is my R1.....so might have seen the hod aswell now so maybe nothing to be patient for now.

 

[bonsai]

if it fails now I wouldnt expect 4480 to hold.

 

[Jinxed]

Chaps,

I'm really just a lurker on this board but I have been following your posts for a while now. I have read Murphy recently and have just been trying to verify the accuracy of my knowledge. I must say I have found no better place than reading your comments on this thread. The quality of posts on this thread is nothing short of staggering. Objective well explained and often with a touch of humour. You have my total thanks and appreciation.

Keep up the great work chaps,


Regards,

J

 

[Hooya]

the only thing we ask is when you find the holy grail you tell us

 

[bonsai]

well, after that, you have to give the man a vote.

obviously intelligent,articulate, generous to a fault !

lol

 

[bonsai]

and if you have been following this thread, should be short on £

 

[Hooya]

no vote buttons anymore???

 

[Hooya]

got it thanks

 

[Finirama]

Hooya,

Did you close your long at 4,513?

I took the short on 2 peak neg div...maybe the wrong move....but its sort of an automatic reaction now!!

 

[Hooya]

wasnt long Fin....havent been trading today

edit thats a lie had one long earlier which I closed for +1

 

[bonsai]

but you cant afford to hesitate

 

[Finirama]

Managed a short from open and closed on 2 peak postive div @ 9.36ish 4,480.


Nice resistance/support switch shown on rsi @ 14:10 on the 10 min chart...pitty i didn't trade it!!!