FTSE 100 Intraday - November

[bonsai]

maybe but I am not sure that the pattern is complete yet

 

[Hooya]

Now who said turning a chart upsidedown can help?

 

[bonsai]

lol
I guess a few of us recognise the book cover.

now turn to page 124 and complete the sequence ........

 

[bonsai]

very very odd goings on this afternoon, imo

dax is now 3645/49 and
ftse is 4313/17

but the market is always right.

 

[mully]

FTSE never seemed to react positively to the early strength in the SP500. Keeping me cautious of FTSE.

 

[Hooya]

page 124 mmmm? is that in paper back or hardback

 

[Fluke]

Mully.
I notice your one day SMA is 501.I thought this should be 510?.
Thought I would check this with you,hope you dont mind.I had some trouble getting on to this site today as well,I thought my pc was slowing down.
lol.

 

[mully]

Well spotted Fluke, it was a typo by me. I should have been 510. I was posting the message and had some very young people around me at the time. So here is the correct version.

 

[Fluke]

Mully .
We are all here to help each other,no problem.I remember my two girls when they were children,Its a great time of life.

I was following you projected target earlier today and I had also
arrived at the target of 4300.I am now keeping an eye on 4289
618 fib.
I also use C=A after a retracement of .618.Its all good stuff.!!

 

[bonsai]

I'm gonna watch out for 4350, I think

 

[Fluke]

Mully.
My target chart.

 

[Fluke]

Bonsai.
Hope you are keeping well and making a bit.
How's my charts,Thanks a lot.Is 4350 .50 rtracement,Im sure you are correct.
LOL.

 

[bonsai]

Fluke
the pattern today off the low looks incomplete to me.
half suspect we might be starting the 'c' leg upward.

after that ..... 4250/4230 ?
but you need to go to my channel chart to see that.

 

[mully]

Bonsai,
Having looked again at the SP500 pattern, which now looks like it is in a wave B, it gives credence to your view of further upside to FTSE tomorrow. It is a reminder to me that flexibility is a key quality of trading.

 

[bonsai]

who knows but 4330 sure provided a lot of argument today and there is a fib at 336 which got rejected

even with dow at 694/99 ftse is still only at 32/36
so the sb's don't know either.

but I can see 'a' and 'b' off the low, and 'b' should be finished (?)

PS: but I think it would be an outright gamble to go long tonight.

 

[Fluke]

Bonsai
Thanks for the above observations.I am following your method OK and will look at the channel chart.
PS. Have copied chart to paint and will look at this.

 

[Hooya]

A bit messy but maybe?


edit that second 4 is meant to be 5 lol

 

[bonsai]

hooya
I think you will find that what you have labelled as a 2 is
in fact the hight point at 4411 ?

if so 2 cannot retrace beyond the start of 1.

 

[bonsai]

bingo
4350 already

 

[bonsai]

does this look better ?

rev 1