Patience, my padewan. today's gaps (up and down) are going to be very difficult to pre-empt. FTSE not giving us any direction and the wall street rally to 9300's is a false rally (mostly overnight). All will be revealed at 2:30 local time, when the real wall street futures market opens up for initial direction, and 3:30 for confirmation of the up trend, if we are going up. For now, i think we will remain in a tight range
Well lets hope we close old gap down with an up move as Wall Street trades up to resistance, and then close todays gap up as wall street moves off resistance when their market opens in the afternoon .... that would also fall perfectly in line with the likely downward trend over the next few weeks. :-) Just wait for the sqeezes and breaks before trading.