FTSE 100 Intraday trading - MAY

[bonsai]

taken 45 as the dow hits 600

into the valley of death ......

 

[bonsai]

I suggested a pull back to 40 or 55.
but we just cut through 40 like a knife thru' ......

cardigan's really got the cherry bottoms working today ?

so maybe 55 after all ?

 

[oatman]

2m vol went thru on that spike

 

[bonsai]

thx oatman

hmm back to the fib at 60 !

and macd back to zero.

what now ?
you'd have to say the dow looks overbought !
but of course that really means nothing.

 

[nemesis]

dow has looked overbought for weeks now. its the same old story of recent times. "its not good news but it aint too bad either so lets push it up". spx looking to restest 945 area if this keeps up. might give me another chance to long €/$ seeing as I missed it yesterday

 

[bonsai]

74/77 for ftse
will somebody please tell me what the hell is going on ?

you would think they had found bin laden's body !

feel a lot happier about my entry in the dow competition now !

lol

 

[bonsai]

aha

fed has just pumped 2.5bln into the system

 

[2468steve]

Bonsai,how do you know that? Seems they're willing to prop this market up whatever.

Thanks

 

[bonsai]

anybody want another look ?
<img src="http://web.onetel.net.uk/~gawgaw/WL.gif">

 

[oatman]

Fed buying?
Wobbly $

 

[kevinmcm]

It will do one of 2 things near SPX 945 ( I dont trade DOW ) slice through it or quickly drop back to nearer 935.

 

[Trader333]

Bonsai,

Congratulations I think you are probably the fastest person ever to join the board and become a senior member. At this rate you will overcome Chartman as the highest posting person, although you do have some way to go yet.


Cheers


Paul

 

[bonsai]

Paul
lol

but not much fun if I am the only one trading ftse intraday ?

bit like talking to yourself ?

we'll see how it goes.

 

[bonsai]

we have managed to get back into the channel from 3800

so now waiting to see if there is any support.

(feel a right charlie having closed at 45 !!!)

 

[kevinmcm]

bonsai - are you the same bonsai from ADVFN ? You led me astray there, starting to post DOW info on the FTSE intraday thread

 

[bonsai]

kevin
lol

2468
the fed is required to publish that sort of thing.

 

[2468steve]

Bonsai,thanks for reply.I've continually heard rumours that the FED move into the futures pit to buy,but wasn't aware that it was publiced.Where can this info be obtained.

Thanks

 

[bonsai]

the fed has its own website
<a href="http://app.ny.frb.org/dmm/mkt.cfm">link here</a>

edit
dont know about the fed buying the futures, but they certainly pump money into the system

 

[bonsai]

havent got the hang of that down arrow.
doesnt seem to take me to the last unread post !

ah well, that's technology I suppose ?

off now
+36 for the day
cya

 

[ChartMan]

It's nice to see some action posted on FTSE stuff. Been far too long ....... keep up the great work. It bores me to tears, but there are many that it won't.