FTSE 5437 - 30Dec

Summary
Asia was mixed overnight with Japan (10564)down 0.8% and Hang Seng (21553) up 0.25%. Market expects to open 0.2% down at 5327. Average move on Wednesday is 60pts in a normal market. Light holiday trading will reduce potential moves. High 5545 is target with Low 5400 as support. Pivot point is 5416 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.  Low 5406 (10:30, 11:30 and 12:00) tested 3 times. 5406 broke on the 4th attempt and hit Low of 5390, before closing at 5393. Sell signal on 15min charts 5ema(5402) < 10ema(5408).

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

Require Daily 20ema(5304) < 50ema(5244) before switching majority of trades from Long to Short.

16:00
5ema(5411) < 10ema(5414) on 15min charts
High 5426, Low 5401, Macd(-2.7)  Stoc(22) 
Long 5415 closed at break even
Macd Bear cross (-1.8) at 15:45

14:00
5ema(5417) > 10ema(5416) on 15min charts
High 5421, Low 5406, Macd(-3)  Stoc(78)
50% of remaining short closed at 5415.
Long 5415 Stop 5413 Target 5445
Macd Bull cross (-4.5) at 13:00

12:00
5ema(5410) < 10ema(5414) on 15min charts
High 5423, Low 5406, Macd(-5.8)  Stoc(28)
50% short closed at 5406.
Macd Bull cross possible in next hour !!!


10:00
5ema(5428) < 10ema(5430) on 15min charts
High 5443, Low 5416, Macd(-0.2)  Stoc(20)
Macd Bear cross (12) on 29 Dec @5440
Short 5435 Stop 5446 Target 5405


08:00
5ema(5393) > 10ema(5387) on 30min charts
High 5443, Low 5427, Macd(12)  Stoc(90)
Macd Bear cross (12) on 22 Dec @5350