Message For Ftse Traders......

I do feel a long one coming on...

(Jenkins! Fetch the wife, I have a christmas suprise for her... Better still, get me a splint and drive me to the mistress, this is too good to waste on the wife.
 

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I do feel a long one coming on...

(Jenkins! Fetch the wife, I have a christmas suprise for her... Better still, get me a splint and drive me to the mistress, this is too good to waste on the wife.

i hear your being dragged back to the uk mate, hope to meet up for a beer with you and nick when you reach this green and pleasent land.:)
 
Well we had the attempt at breaking up through the resistance line, and then the almost obligatory pull back which looks more vicious on the 2 min chart yet a mere hiccup on the 15 min. Yet with the obvious take out long stops attacked; the up move assisted by the dow may have a little more momentum behind it and will push further up for a little while.


20 point candles are playing hell for the scalpers and they can run the price where they like because of thin volume. It won't stay in one place too long and trading right now is hazardous to say the least, best I can offer is that the small up trend remains. At least for now.
 

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All stop at this level?

The 15 min chart may tell a story.
 

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Not necessarily.

The expanded view on the 15 shows that once and if it can clear 4320 it may get a decent run upward to year end.

Important to keep a balanced view and not have too short a view to boot.
 

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no trading for me today.went shopping .the range looked too tight for anything to trigger
a veiw/postmarket
we are getting very close to a major support level 4180 area
according to the bbc some important economic figures today.mrket took no notice of them..what were they.?
 

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no trading for me today.went shopping .the range looked too tight for anything to trigger
a veiw/postmarket
we are getting very close to a major support level 4180 area
according to the bbc some important economic figures today.mrket took no notice of them..what were they.?

World economies limp towards Christmas | Top News | Reuters

Oil falls below $39 on U.S. economic downturn | Top News | Reuters

Economy shrinking faster than first thought | Top News | Reuters
 
no trading for me today.went shopping .the range looked too tight for anything to trigger
a veiw/postmarket
we are getting very close to a major support level 4180 area
according to the bbc some important economic figures today.mrket took no notice of them..what were they.?

No much trading for me too.. Too slow and I didnt see any good trade, got in just two trades, one with +5 and the other one stopped on the SL..
 
8 points short of the 4320 barrier and posed no threat to it at all. Once it started to fall back through the first trend line it was downhill all the way. Looks like it will close near to where it opened.

So tomorrow it has the same thing to do, (if it really does want to climb upward).

Given that it is half day trading tomorrow, volume will be even thinner. Not to say there will not be opportunities though.
 

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Overnight range of the Dow was thin and er, sideways. Expected really.

So what for today?

Thin trading obviously. The sb's close at 12.30. but will continue to make a market until 18.30. but the ftse will still follow the dow. The time to watch is when we open after crissy time and before new year, while they are still sleeping off the Christmas pud.
I have noticed over the years that on these occasions the market will be run up or down 80/100 or so and then return to near parity from where it started. So it is worth keeping an eye on. It is more of a gamble than ususal though because the heayweights do not return until around the 5th jan.
I think there will be an up attempt and a go at breaking the trend line on the hourly chart.
It had a go yesterday and failed. but it looks like it is cycling upwards as I type.
Interesting chart the hourly at the moment. Note the times it peaked and fell back. Spot a pattern?
The blue line is the original trend line from the first two points. Note how price 'really' ends at the line. The little 'heads' mean nothing nothing and is just exuberant excess. (the 20.00. Should have gone at the top of course but it wouldn't fit).
 

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Well the ftse was quickly out of the starting gate and away upwards, draggin in morelongsbehinditasitapproachedthefirsthurdleandfailedatthefirstattemptback
aroundthebendanddowntotakeouttheovernightrangeandtheearlylongsOhmygodwhat
aclassicmovebythisagingfillyShehaspausedatthe3ndfencetocatchherbreathand
nowheadingdowntopivotcorner
 
Being a bit more serious now, The ftse has now started a weak cycle upwards.
But strong conviction is clearly lacking.
 

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