FTSE 100 Intraday - December

[oatman]

I'll tell you where there's a gap that everyone seems not to notice........ the US budget deficit. They must think it'll go away if they ignore it.

 

[bonsai]

not too happy about ours, but don't tell Gordon !
he is playing the 'economic cycle' !

that's a bit like forecasting the markets.

 

[fotheringham]

Heavy volume stepped in but I'm not sure it's going to halt the decline.

 

[bonsai]

if you want to be negative, really negative, have a look at this wave count superimposed on yesterdays chart.

We might be starting 3 of big 3 wave going down.

On the other hand ........(I'm not that negative yet)

 

[Hooya]

thats a little too negative for my charts too.

 

[bonsai]

surely, but in this game you have to keep both sides of your brain working !

if it is going to happen there may be a clue.
3 waves are always 5 legs
and we would have to be in 1 leg right now.
2 leg may be quick and shallow !

if any pull back gets serious then back to Plan A. ?

 

[bonsai]

Gordon at 12.30.

 

[Hooya]

thats the 19 gap filled now...only gap to the upside now

 

[bonsai]

sure feels like a 3 leg ?

anyway this is the one you musnt miss.

still hasnt touched the 1 hr !

 

[bonsai]

oops
I left out stability !

but new phrase 'symmetrical targets'
lol

 

[oatman]

Gordon's claiming the credit for low interest rates. I thought that was down to US policy.

 

[fotheringham]

I lack patience with Elliott Wave - want to be my E.W. consultant, bonsai?

 

[bonsai]

lol

I'm looking for one myself.

 

[bonsai]

oatman
well he's also claiming credit for low inflation
so going for broke ?

 

[oatman]

When does low inflation become de flation?

 

[bonsai]

geez
politicians !

he has contrived to get the rugby in his speech !

 

[fotheringham]

He should just thank Kenneth Clarke and then shut up.

 

[bonsai]

that's me done
hit my trailing stop

so time for lunch

 

[fotheringham]

I've opened a short-term long - i'll be thrown out of the bear club.

 

[Hooya]

Borrowing $37bn this year LOL and they moan about the level of individual borrowing