FTSE 100 February

[bonsai]

jonnyy
the ftse hit its fib a couple of days ago.
the £ has now hit its fib
just leaves the dax ?

so ftse might try and hold up for a while ?

 

[Hooya]

dow has left an opening gap.......not helpful to the cause

 

[Finirama]

Stating to get obsessed with these but should have been a clue to which way we were heading

 

[Finirama]

This way the other way about....support/resistance switch.

Channels holding pretty well...so far

 

[Hooya]

retest of the 1 day??????????

 

[Hooya]

havent doent this for a while...my chart of the day...we had a
- inverse V and ledge and an intraday trangle as well.

 

[Hooya]

3rd close in a week at 515

 

[bonsai]

had a miserable afternoon

sold the dax at 4001 and 3987 and still managed to lose on the deal.(also sold at 3973)

what's the weakest part of any system ?

you got it in one.

 

[Hooya]

selling at the low doesnt help:-(

 

[bonsai]

surely, but that could happen to anyone.
funnily enough, that isn't what annoyed me.

 

[bonsai]

Hooya
this chart is mainly for you.
not one you will find anywhere else, but perhaps you can work out what I am doing ?
-----------------------------------

The £/$ is important to Ftse but perhaps there is a danger in this becoming more of a currency thread than a Ftse thread if I am not careful.

But today was quite interesting ?

Anyway, do not intend that this should happen and as I have been the guilty one, will try and refrain a bit in the future.

 

[Hooya]

What was it that annoyed you....not taking profits?

I promise to stop posting so many charts on FX as well:-0) Is that a 60 min chart with your standard ma?? Looks like we have a V shaped bottom and ledge which could be bullish but could still be forming a channel down.

 

[goostrey]

I am revisiting elliot, last time a long time ago I kept coming up with so many different answers for the same data.
Is this a 5of 5 from

 

[Hooya]

I never look at a 15 min chart. Looks quite tidy.

could be a b and 1-5 is c so we are in 5 of c


anyway Im looking to short

 

[goostrey]

thx
I find 15 min quite good for getting rid of clutter and seeing overall trend/picture

 

[jonnyy40]

just chickened out of dax even though I think it will go higher.

 

[bonsai]

goostrey
it is quite common for one of the waves to 'extend'
in your chart neither 1 nor 3 did.

 

[Finirama]

Possible broadening top?

Top trendline sits at 4,565

 

[Hooya]

left a nice gap on my charts

 

[goostrey]

So if it is a 5 wave count then 5 should be the one to extend ?