Market | Date | Trade | Price | Stop | Target | 200ema |
|---|---|---|---|---|---|---|
ASX | 09Nov | SELL | 4760 | 4620 | 4500 | 4640 |
SSEC | 12Nov | SELL | 3130 | 2910 | 2700 | 2885 |
HSI | 11Nov | SELL | 24600 | 23500 | 22000 | 21840 |
N225 | 18Nov | BUY | 9800 | 9900 | 11000 | 9930 |
FTSE | 10Nov | SELL | 5850 | 5720 | 5540 | 5485 |
DAX | 11Oct | BUY | 6300 | 6700 | 7000 | 6192 |
S&P500 | 11Nov | SELL | 1215 | 1202 | 1146 | 1128 |
Sunday, 28 November 2010
FTSE needs to stay above 5600
FTSE found support at 5600 the high point seen back in January 2010. All markets have been on a SELL for the last 2 weeks. FTSE needs to close above 5750 to support the BULL case into the end of the year. Watching Australia and China to signal the change in direction, as both these markets are below the 200ema. FTSE range prediction for week 29 November to 3December is 5550-5750
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Well that saw off the weekly range in a day and you got your 5540. I know it's only Tuesday morning but it's struggling with 5600 and will we see 4425 next? The news flow is a bit dire at the moment so I won't be suprised, the only thing to keep it up are these pomo days which are scheduled for every day this week and next.
ReplyDeleteSorry meant 5425 not 4425!
ReplyDeleteThanks for your post on UKX bb. We're both looking in the same direction, I'm just a bit more jittery about the downside than you.
ReplyDeleteI'll start going long just below 5500 with a stop at 5455