FTSE close 5262 - 11th December 2009

FTSE finished at 5262 down 50pts from 5322 on Friday 4th December

FTSE closed at 5248 on Friday 27th November, so we have been virtually flat for the last 2 weeks.

50ema (5196) has been providing support. BB 5171-5371

Last week, I was looking for a rise in the early part of the week to test 5370 area with any fall limited to support around 5200. Actually weekly move was 158pts - 5175-5328

This week looking for a positive move up to 5330-5350 area with support in the 5200 area.

Support Levels 5105, 5175, 5190, 5205, 5222, 5236, 5246, 5255
Resistance levels 5272, 5295, 5310, 5330, 5355, 5370, 5400

Trades for week 7-11 December gave a profit of £1290. Weekly target is £1000

Day Trade Open Stop Target Close Gain
Mon long 5272 5267 5312 5303 £310
Mon long 5305 5300 5350 5320 £150
Tue long 5306 5300 5330 5313 £ 70
Wed long 5190 5185 5230 5222 £160 * £5
Thu long 5213 5210 5245 5233 £200
Fri long 5260 5250 5310 5300 £400


Last 5 years moves for the 3rd week in December.

Year Open high low close
2008 4280 4352 4200 4286 +6pts, - a 72pt rise up to Thursday
2007 6397 6451 6251 6434 +37pts, - a 156pt fall until wed, then bounce back
2006 6260 6269 6171 6190 -70pts, - fell 90pts until Thursday
2005 5525 5552 5489 5531 +6pts, - fell 36pts until Thursday
2004 4688 4755 4689 4696 +8pts, - rose 67pts until Tuesday
2003 4376 4427 4329 4412 +36pts, - fell 47pts until Tuesday, then rose up all week