FTSE 5413 - 4th Jan

Summary
Asia closed flat with Australia ASX (4786) up 0.12%, Japan (10655) up 1% and Hang Seng (21808) down0.3%. The FTSE 100 index opened up 5pts at 5418 and hit 5452 by 08:16. Market is still on a LONG signal since 21st December 2009 at 5292. Looking for a peak early this week around 5545. Current Pivot is 5406 indicating Market Long positions. Market stalled around 5452 until breakout move at 13:45. Ended the day on a High at 5500

16:30
5ema(5483) > 10ema(5476) on 15min charts
High 5500, Low 5457, Macd(12)  Stoc(84)
Long 5440 Stop 5466 (20ema) Target 5545
Macd Bull cross (8.1) at 14:45

14:00
5ema(5458) > 10ema(5455) on 15min charts
High 5457, Low 5448, Macd(8)  Stoc(84)
Long 5440 Stop 5448 Target 5470
Macd Bear cross (8.8) at 12:45 (Warning!!!)

14:00
5ema(5458) > 10ema(5455) on 15min charts
High 5457, Low 5448, Macd(8)  Stoc(84)
Long 5440 Stop 5448 Target 5470
Macd Bear cross (8.8) at 12:45 (Warning!!!)

12:00
5ema(5448) > 10ema(5446) on 15min charts
High 5450, Low 5442, Macd(8.8)  Stoc(90)
Long 5440 Stop 5440 Target 5470
Macd Bear cross (8.8) possible in next hour!!!

10:00
5ema(5445) > 10ema(5438) on 15min charts
High 5452, Low 5411, Macd(9.7)  Stoc(71)
Long 5440 Stop 5435 Target 5470
Macd Bull cross (-3) on 31st Dec at 13:45



Plan for January 2010.
Watching for a  drop to support at 10ema(5360) and Buy for a possible spike above 5500 on Tuesday 5th Jan. Will enter a Short 5550-5545 and close on retest of Daily 20ema (5324) where I will go long into 22nd Jan High target of 5700. A daily close below 5200 will be a warning that the 4950-5000 level will be re-tested.