Dunedin said:Why leave all the forex traders to the live calls........![]()
Short FTSE @ 6250 (using CMC) :-0
catracho said:Looks like one could short the FTSE with a stop just above 6340...target 6100-6000 ish...
A break above 6340 could mean new highs as long as it is a convinving break.(.ie not a false one day thing )-6500-6600..HOWEVER the bearsih divergences seem to point to a weakening uptrend...(also the case for many of the major indices)..
chart attached
FetteredChinos said:not sure about being on the short side just yet Hook.
factors supporting the market..
1) Pre-election year in the US.. average gain is approx 18% alone in those years.. far more bullish than any other year by some margin
2) Still in the Oct-April bullish period
3) Still in the Month-end markup period.
4) Not yet at the all time highs, Dow is there, FTSE is trying its hardest to catchup.
i think we will see 7,000 before we ever see 5500 again.
FC