FTSE 100 Intraday - November

[jonnyy40]

Just had a nice little win on ES.So back to one contract and start again.

 

[bonsai]

missed that drop
doesnt feel so bullish anymore ?
what's up doc ?

 

[jonnyy40]

The system said down,my eyes said up.I stuck with it and was rewarded(this time).

 

[bonsai]

now I'm on the long tack
that down move sure looks like a 5 so could be the c leg ?

edit:
of course if we started with an a/b, it might only be a 3 !

 

[Fluke]

Bonsai.
Sorry about the rushed post this morning I was in a hurry.
I shall now be here for the rest of the day,but away all day to morrow.
I will explain my statement AM.I had projected a target of 4415,and the fib retracement 618 was to 4350.On my return,I was surprised at the rapid fall to 4360.Hope your nanny goat came home. Best of luck.

 

[bonsai]

yes, goat on the ftse but not on the dow.
the mm's made a mistake !

(from which some of us have benefited)

 

[bonsai]

here you go jonnyy

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=343703">

 

[jonnyy40]

Thanks.

 

[bonsai]

breaking off now
its that time again.
maybe back after the dow has had its say.

 

[Fluke]

Bosai.
Just found the file see PM.
I am long on Glaxo and have made some dosh to day,hope you have too.
LOL.

 

[mully]

Bonsai,
Quick question:

Why do you refer to the Dow as opposed to the SP500. (Too much tech weighting?)

 

[bonsai]

no reason mully
it's just a shorthand for wall street.

 

[mully]

Well, using the SP500 I min chart, it appears as though the 1day SMA has repelled the fall.

 

[mully]

Well, the questioned i raised this morning about the validity of the top trendline was answered. It did prove resistance. Also
notice the new trendline that appears to we defining the lows of the last three days. Well at least we appear to know the limits of the current move (upper and lower trendlines).

 

[bonsai]

here is a pile of statistics for you to chew over and spit out.

I have congestion/value since 4219 centred on
4365
4330
4265
If the whole move is over (and it may not be) then I have
fibs at
4333
4310
4287
The bottom trend line from 4219 is currently at 4331

hmm, the 4330 area seems to repeat !

(may just be co-incidence)

The whole move from low to high took 127 hours (16 days?)
so fib corrections look like
48/63/78 hours.
6//8/10 days.

Todays candle could be the start of dark cloud cover.

On balance, and despite the goat today, I have some suspicion that the whole move is not yet over.

 

[barjon]

bonsai

thx for stats.

not sure about dark cloud cover. today's candle was a long
legged doji (uncertainty). there were a lot of negative or
uncertainty candles about in ftse100 stocks today.

tomorrow (today!!) will tell all.

nite, nite

jon

 

[Quercus]

Sorry to butt in, and I don't even trade the FTSE, but I have to ask....What the hell is a goat?
Cheers
Quercus

 

[mully]

Goat: is a failed breakthrough that occurs when prices move beyond a prior high or low and then reverses. This shows Rejection.

 

[bonsai]

morning
something wrong with my data ?
I have long red candle.

can somebody give me their ohlc please

 

[bonsai]

4389 is yesterdays trend line where we gapped down through resistance.
gap filled and we are there now.