FTSE 100 Intraday Trading - October

[jonnyy40]

I knew I'd be right one day if I stayed pessimistic.

 

[jojo]

If my analysis is correct , then I believe this is only the start of a major move down on the FTSE..........does anyone agree?

 

[jonnyy40]

Yes

 

[mully]

For what it is worth

Having paid no attention to either the 62% or 100% length of Wave A to calculate the extent of Wave C, we are very close to the 162% of wave A calculated length of Wave C= 4268

 

[oatman]

You're not pessimistic, you're optimistic that it's going lower 😎

 

[jonnyy40]

I think this is a Tart's cuddle and it'll soon be down again.

 

[jojo]

The mind boggles about what a tart's cuddle is..........

 

[lockstock]

There appears to be an internal bull trendline support @ c4250
alonger term bull line support @ ( extrapolated c. 4180/220.UKX

So the trend is still up.

Got a daily e-mail from GNI yesterday saying buy the Dow at 9620
-it's just bounced off that, let's see if that holds.

Long term bull trend line @ c. ex. = 9530

 

[Lambchops]

Lockstock - Like your new avator. Is that cos we are entering a bear phase? 😉 :arrowd:

 

[hungrybear]

FWIW,

I had expected a high a few days ago, but the timing wasn't right, nor was the price. The wave action recently is also somewhat overlapping, which all suggests this is just a retracement. Target date for a high is now early next month, after which we should see a massive sell-off. All IMO of course.

 

[lockstock]

Anyone get caught in that 60pt drop on UKX???

 

[oatman]

Was that a fat finger?

 

[lockstock]

Ham fisted or what!!

 

[oatman]

It looks like about 1700 lots went thru on the futures 1min. A few stops blown away there

 

[hungrybear]

Nikkei drops 5.5% last night. Nokia results and outlook are dissappointing.

If it drops much further my expectation of a final push to a new high before it dumps will look suspect. Cash shouldn't drop below 4200.

 

[lockstock]

I've got the bear necesseties :cheesy:

Anyone for a long??

 

[hungrybear]

Off on holiday later today so closed all my shorts yesterday - talk about bad timing! 🙁

I wonder what I'll come back to 😈

 

[jonnyy40]

I'm thinking about all that debt piled above everybodies' head and the props are creaking.

 

[lockstock]

Have a good one HB 😎 , the markets will still be here doing their thing when you return.



Anywhere exotic???

 

[hungrybear]

Thanks Lockstock,

going to sunny 😎 Portugal. Kids are getting excited and will love it even if the sun doesn't shine!

Back Friday 31st, so back to trading Monday 3rd November. I've got a feeling the markets are going to start moving a lot more again, which will make life more interesting and profitable for us all!