The big question...do we close the gap today?

[#1]

its a big ask ...but you can never underestimate the stupidity and cupidity of the shorts....

[#2]

6170 is is what u need to look for on the FTSE....if we go through ...good chance of gap close...if not we should see a partial close and then drift lower

[Electrox]

Chartist where can I get/(buy) the trading journal you show on one of your screencasts? would appreciate it

[RDB]

hi Chartist, seems topi on IG stuck ,where do you have futures now?

[#5]

Cupidity:::>Inordinate desire to appropriate wealth or possessions; greed of gain. Nice one Chartist!...

[Electrox]

ok we sitting on 6170 on FTSE now. ambush zone?

[#7]

we are at that level now and battling resistance at the 61.8% retracement level

[#8]

yes we have entered that zone and pulled back...now this is where patience pays rewards....wait for the confirmation of next move....you can get ambushed here...thats why I call it the ambush zone...

[#9]

This is where u look for a retracement within a retracement....from the low we rally up to the 61.8% then we move down another 61.8& which happens to correspond to the 23.6% level on the original retracemnet....got it?

[Electrox]

Chartist what do we wait for now that we have retraced back from the 61.8 level? Im learning alot from your srceencasts and think its great what you are doing to educate us with your experience.

[#11]

which normally takes u down to the opposite bollinger band...giving the impression of a squeeze going the other way...also known as a shake out....remember the market likes to take as few people with it as possible...it prefers you to buy into a rally later on this sustaining it for longer....

[#12]

see now why its called the ambush zone?

[john_1]

Friday afternoon, Double top, open gap, dow on support, the vix bouncing off support. Me thinks we have the makings of a pefect storm..Now we just need a shock...

[#14]

Stupid shorts... Ironically sycophantic

[saash]

So is this going to happen now or not?

[john_1]

no

[#17]

Once again the 61.8% level has been absulutely (almost to the point) the watershed for the rest of the days action......as long as you didnt get ambushed in that ambush zone you should have had a very good day.....once again the infallible ***** is one day premature in its porgnostication.... (oh that word is a device which you insert into your rectum)

[john_1]

one day and 1200points round trip!

[Electrox]

Where would on have gone short (what level?) after we saw that the FTSE didnt reak up above the 61.8% retracement level? do you just go short because it didn't push up above this or is there another confirmation?

[#20]

Ekectrocox...u have it right