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To all the wizkidz ou there...

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Super Contributor
Why when the asian markets go up,substansially,do we go down? Usually we're in sync with the rest of the world but lately our market is doing it's own thing?
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8 REPLIES 8
Regular Contributor
Futures markets are not positive this morning.
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Super Contributor
My Mickey-Mouse explanation: we moved up some yesterday with the US futures and in expectation of the US rising, and then more as they opened. The East followed the US up, but now the US futures are pretty flat, signalling a lack of confidence in the bounce so you can't really be sure which way it'll go.
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Not applicable
The trend is down all the FTSE did was test resistanse to the TEE !!
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Not applicable
ja, the trick is to figure out whether the asians or the yanks are leading the charge. Keep an eye on the retracement levels on the FTSE, only about 38% at the moment, although financials are now in hte mythical ambush zone
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Not applicable
Sorry, scratch that, both banks and FTSE in the 38% retracement zone
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Super Contributor
I really dont think it is worth tracking the US futures while them yanks are asleep. In the morning's the Eur/usd and FTSE are better leaders/indicators until about 14:00 when the yanks start waking up and having some of that cheap coffee they can only afford.
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Regular Contributor
Agreed, but sometimes in uncertain times the futse futures look at the sleeping yank futures for direction and then we look at the futse futures to find the heads up. Its madness.
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Super Contributor
Something to also watch are the Fib retracments on the FTSE for areas of possible support while we are bouncing this little kitty in the meantime.
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