Potential gap close

[#1]

this is now setting up...FTSE just has to get through the 61.8 % retracemnet level at 5976 (few pts away)...we do have a short squeeze developing (must be all that put buying John has been talking about...hehe)

[RDB]

just went long, waiting for gap to close

[RDB]

maybe a bit early, might see LOD again and hoping it will hold

[#4]

no we are about to fire off...

[AJDK]

There are gaps on both sides. It might close to either side?

[john_1]

well at least you got the timing right

[#7]

yes John...its rare that I get it right to the second...

[RDB]

was that test of low, 30 odd points above and now we rise?

[#9]

yeah could be.....I would wait for 29225...thats the really low risk trade...

[saash]

Well I must go indulge in a good lunch .... So expect the gap to close within about the next 20 odd minutes, while I'm away and can't take advantage of the opportunity.

[AJDK]

Chartist where do you get your retracements from? Fibonacci? On what movement are you working? Yesterdays close to todays low? Please assist...

[#12]

Todays High

[RDB]

that was exactly LOD again...double bottom maybe

[#14]

OK FTSe has now fully retraced...just waiting for a 5 min close above ...

[DCTrader]

I think we going to fall through the floor after DOW opening and housing data coming out at 4pm...

[#16]

in the meantime we'll just make some easy money on the gap close if thats ok with you?

[DCTrader]

no worries... there's enough money to go around for all of us... I generally give to the market, while others (like yourself maybe) take from it. You've 2hrs and counting for that gap to close...

[#18]

thanks for that now you go and run along and go and play with John and his puts...

[RDB]

short seems to be correct side

[#20]

no no...the short side is giving you nothing to work with...have faith RDB!!!