Friday, 5 February 2010

FTSE 5139 - 5th Feb

 
Pivot 5173 favours SHORT with Resistance at 5196 (18Dec) and 5236 (03Feb) and  support at 5124 (04Feb) 5104 (27Nov) and 4985 (03Nov). Daily Average move over last 10 days is 89pts. Bull Target will be 5200. Bears will be looking for a break an test of  5000. Daily SELL signal was triggered at 5450 on Wed 20th Jan and its still on a SELL signal with Daily 5ema(5213) < 10ema(5250) < 20ema(5353). Only a move above 20ema will trigger a change to LONG trades

Australia ASX200 (4514) down 197pts  -2.3%. Above Support @ 4500
Japan Nikkei 225 (10957) down 289pts -2.9% Below Support @ 10200
Shanghai Composite (2939) down 56pts -1.9%. Below Support @ 3000
USA S&P500 (1063) down 34pts -3.1% Below  Support @ 1080

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