I came across a webcast of someone who uses the Dow Jones Industrial Average to give him an indication on the trend that the FTSE will follow that day to aid him in scalping.
On a longer term basis - one year - I can clearly see that the two indices follow the same trend, but on a daily basis it is not the case at all.
1) How can the trend on the DOW be used to predict what is likely to happen on the FTSE on a minute-to-minute basis?
2) Which other indices can be used to predict what will happen on the FTSE?
On a longer term basis - one year - I can clearly see that the two indices follow the same trend, but on a daily basis it is not the case at all.
1) How can the trend on the DOW be used to predict what is likely to happen on the FTSE on a minute-to-minute basis?
2) Which other indices can be used to predict what will happen on the FTSE?
