FTSE 5402 - 29 Dec

Summary
With Pivot point 5380 and momentum into year end, the favoured trade is LONG with Target of 5540 by first week of Jan 2010 when I will start placing SHORT orders longer than a few hours. Market Opened at 5402 and rose to 5441 (08:01) before pulling back to 5418 (08:31). With 15min 5ema > 10ema at 5420, entered Long 5420. Daily Long signal at 5292 on Monday 21st December - Daily 5ema (5343) > 10ema(5313). High 5445 (12:16)  and 5443 (15:30). Market Cllosed at 5437 (Year High)

15:00
Stop Triggered when 5ema(5436) < 10ema(5437) and < 5430
Long closed at 5436 for 16pts
High 5445, Low 5430, Macd(6)  Stoc(64)
Macd Bear cross (12.5) at 12:45

12:00
Stop set when 5ema(5437) < 10ema(5432) and < 5430
High 5442, Low 5430, Macd(12.5)  Stoc(86)


11:00
Stop set when 5ema(5426) < 10ema(5422) and < 5422
High 5430, Low 5423, Macd(12.5), Stoc(85)

10:00
Stop set when 5ema(5423) < 10ema(5416) and < 5418
High 5430, Low 5423, Macd(13), Stoc(62)

09:00
5ema(5416)>10ema(5407)
High 5435, Low 5418 ,Macd (11.6),Stoc(56)
Long 5420 Target 5450