FTSE 5397 - 31Dec

Summary
Asia was up overnight in thin trading with Japan (10564)closed, Australia (4882) up 0.5% and Hang Seng (21872) up 1.75%. Market opened up 33pts higher at 5431. Pivot point was 5423 and momentum into year end, the favoured trade is LONG with Target of 5540 by first week of Jan 2010. Market fell which triggered a Short 5415 at 09:15. 5400 tested several times between 10:00 and 11:30. Buy 5405 was triggered at 12:15, but the market quickly reveresed and hit 5390 at 12:29, before spiking up to 5425 and finally closing at 5413.

12:00
5ema(5404) < 10ema(5405) on 15min charts
High 5409, Low 5400, Macd(-3.4)  Stoc(38)
50% of Short 5415 closed at 5402 
Macd Bull cross potential  (-3.4) !!!

10:00
5ema(5408) < 10ema(5410) on 15min charts
High 5431, Low 5397, Macd(-2.1)  Stoc(2)
Short 5415 Target 5405
Macd Bear cross (-1.9) at 09:45


Buy signal still on Daily 5ema(5380) > 10ema (5346).
Buy signal still on Weekly 5ema(5325) > 10ema(5261)