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Online Share Trading

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Yo Yo Yo....Ftse has an almighty battle on the go

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Ftse is really in trouble as far as ai can see...a tumultuous battle on the go to see if we make a new low......I think we will...
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16 REPLIES 16
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Wall Street Cahs also on knive's edge. Tried to bounce once, but failed...
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Jim_Bean
Regular Contributor
deja vu feels like October 08 again! :(
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yeah u just gotta watch for the retracements as they can be pretty sudden....when an rubber band is pulled this tight a snap back can hurt u...always look out for two consecutive higher closes on the 5 min...usually good for a scalp long...
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can u see how that 40 pt retarcement on the FTSE led to a 200 pt retracement on the Top 40?
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JohnnyCash
Super Contributor
Yip, and another one happening as we speak
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Looks like more than just a retracement...
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yes now this is a very important phenomenon to remember...when u see a reteracement....u have to have to wait till the 61.8% level is tested...right now we have violated it..which means we could go a lot higher...
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yes see that ....the minute we get a second close above that level all hell breaks lose...
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Rovert
Super Contributor
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up... we shot up 150 pts in a second...then hit resistance ...at 18780...which is the days previous high...
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JohnnyCash
Super Contributor
coincided with EU inflation numbers which was in line, so could set up your 1-2-3 move. But ultimately up for the remainder of the day.
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JohnnyCash
Super Contributor
ALSI to cash just a 100 points, which one normally leads the other?
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What happend just now? Everybody just took a huge shot upwards, any news came out or what? What happened to nova?
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JohnnyCash
Super Contributor
Bloody hell u got to be nimble with this little fc uk er!!! JP MOrgan met earnings expectations or was it loos, dont know but that was 200 points down then 200 points up. Regardless of your position it happened so quickly that by the time you got your hand on the mouse you were right where u started!
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trigger
Frequent Contributor
is this the start of the fall that has been so consistent? time will tell indeed
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