Wallstreet1928 Analysis & live calls on FTSE,DAX,S&P...aimed to help New traders

[Chelski]

4700 is the fib 38% fib retracement from friday. Also close to pivot level. A close below opens up 50% and 61% as targets.

 

[SabreTT]

Shanghai has closed below its trend I have read and Ive closed a pacific tracker, it may not be anything big though. I agree on 4700, Im watching the same point to see which way its going right now - rough guess is down or level for the moment but thats hardly scientific

 

[wallstreet1928]

Dentist ............key level .........4680

> 4680 ..............we keep rallying all the way upto 4800

< 4680 ................we roll over to 4600

 

[SuddenDeath]

FTSE buy stop 4707 (RSI5)

 

[wallstreet1928]

Oil key level .............

$70.5 ............

> 70.5 ............then back up to $72

< 70.5 .........then back down to $69.5, 68 and 66

with dollar on the rise pre FOMC ...........bias is on the downside

 

[wallstreet1928]

anglo american negated bear flag .............early bullish sign

BP creating a bull flag...............bullish

barclays ...negated bear flag ....................


FTSE negated bear flag ....................double top intraday resistance at gap down level @ 4713 along with 20 MA as resistance...

if it breaks that then I will go long to 4730 - 4740 ..................


BP, anglo and barc already giving a buy signal

 

[kaisen]

anglo american negated bear flag .............early bullish sign

BP creating a bull flag...............bullish

barclays ...negated bear flag ....................


FTSE negated bear flag ....................double top intraday resistance at gap down level @ 4713 along with 20 MA as resistance...

if it breaks that then I will go long to 4730 - 4740 ..................


BP, anglo and barc already giving a buy signal

Hi ws,

I have 512 as good resistance BP - break of this would be bullish imo - about to retest.

AAL, i see your negation, would you consider jury to be out as negation is still within last long candle down and not retraced beyond 618 fib of that move?- can the current pattern be construed as a potential new bear flag?

HSBC currently at low of the day, falling away for last 6 10m candles.

BLT seems to be in a downward trend, each move not exceeding 618 retrace.

Barclays strong.

Oil weakening, gold weakening.

Delicately posed.

 

[wallstreet1928]

Mr Eccentric, I suppose we will sound the same after trading the market for more than 30 years.

Anybody who survives trading the market for 30 years has to be given a lot of respect

worth a listen to get a different perspective


YouTube - 08/10/09 Weekend Webinar

 

[dr.blix]

hi ws and all.hope all is well.been on a cuise for 2 weaks with the family
spending some of the trading profits
hope all is good..i am certain it is
lots more $$ to all

hope you had a nice trip mr. dentist.

it makes me feel quite happy that people on here can do this well enough to actually MAKE MONEY

gives me some hope that one day i may be able to do the same.

oh, good morning all btw...slightly hung over today so i have my shades on to shield my eyes from the monitor glare... nline2lo

 

[dr.blix]

BLT seems to be in a downward trend

i didn't know they'd floated bacon sandwiches on the stock market...what will they think of next.

 

[kaisen]

i didn't know they'd floated bacon sandwiches on the stock market...what will they think of next.

Yes my friend, but not just bacon!........ Bacon, lettuce and Tomatoooo!

:cheesy:

 

[SuddenDeath]

Buy stop 4706.8 (RSI5)

 

[kaisen]

Buy stop 4706.8 (RSI5)

Does that mean place a new short? Or close buy position?

 

[SuddenDeath]

Kaisen a buy stop means place a buy order above the current price. open a new buy

a good youtube video:

Lesson 1 on the Stock Market by Zapata George

 

[kaisen]

Kaisen a buy stop means place a buy order above the current price. open a new buy

a good youtube video:

Lesson 1 on the Stock Market by Zapata George

Thank you sir.

 

[Dentalfloss]

agreed with you ws.4680 looks important./horizontaal line
still looks negative.lat signal was bearish
1 min data.box size is 12 points
<a href="http://tinypic.com" target="_blank"><img src="http://i30.tinypic.com/2vv5e2t.jpg" border="0" alt="Image and video hosting by TinyPic"></a>

 

[Dentalfloss]

chart

 

[h_a]

anyone in a long position at the moment

 

[kaisen]

anyone in a long position at the moment

nope

 

[wallstreet1928]

anyone in a long position at the moment

yes just closed ...............playing the range 4695 - 4715 at present!!