Gap forming... Heading down

[DCTrader]

Chartist, can you confirm... not sure?

[saash]

Dc, the gap up was on open of the market. When we move below today's low, anticipate the gap to close - Make a note of that level as it may only close tomorrow. OMO. Chartist can confirm if I got the concept?

[DCTrader]

True... Was meaning more of a squeeze going one way or the other... looking more likely to head south.

[gida]

guys what trading manuals are yall reading for technical analysis... i would need something like trading for dummies?

[saash]

Gida, start with the online Tech Analysis in Education.

[DCTrader]

There's no set formula gida... just a hunch. Watch, the market will prove me wrong... yet again!

[#7]

Looking at the ftse i'd say the break will be up first for 20 - 25 points (false move) and then back down to 5735, watch the ALSI to follow suit. :-)

[DCTrader]

Either way... the last 90 minutes have been the most boring over the last month!

[#9]

Bounce on FTSE complete (36 points), now we go down for a little drop.

[#10]

oops.. a little more than I thought. 50 points now

[#11]

wow, just about 100 points, now the anticipated drop?

[DCTrader]

Really don't get it... we move up with the FTSE today, but when the FTSE pulls back, we staying up there. FTSE futures came down about 50 points now but still cruising like a boeing... If it drops, it'll drop fast.