R K Posted July 14, 2009 Share Posted July 14, 2009 Overall it's still a short-term 'sell', imho, until it isn't. Which for me would be a close around 4550. This is just normal range-trading. Quote Link to comment Share on other sites More sharing options...
pl1 Posted July 14, 2009 Share Posted July 14, 2009 Overall it's still a short-term 'sell', imho, until it isn't. Which for me would be a close around 4550. This is just normal range-trading. Do you see 4000 as strong support? Quote Link to comment Share on other sites More sharing options...
pl1 Posted July 15, 2009 Share Posted July 15, 2009 Another good day shaping up on the markets and what a surprise this thread lurking on page 4 again. Oil up, Dow Futures up, Intel up. More easy moolah. Sometimes the opportunity cost of being a perma-bear is quite high. Quote Link to comment Share on other sites More sharing options...
right_freds_dead Posted July 15, 2009 Share Posted July 15, 2009 its been fighting to keep over 4200 for a good couple of weeks and is huffing and puffing with all its strength for a battle of the bulge last throw of the dice. i wouldnt put my money anywhere near it. Quote Link to comment Share on other sites More sharing options...
Guest_FaFa!_* Posted July 15, 2009 Share Posted July 15, 2009 Another good day shaping up on the markets and what a surprise this thread lurking on page 4 again. Oil up, Dow Futures up, Intel up. More easy moolah. Sometimes the opportunity cost of being a perma-bear is quite high. FTSE might be good for day trading at the mo, if you are experienced enough. Are you suggesting that this upward trend has a long time to run? Quote Link to comment Share on other sites More sharing options...
right_freds_dead Posted July 15, 2009 Share Posted July 15, 2009 Are you suggesting that this upward trend has a long time to run? and if so, whats the driving force ??? Quote Link to comment Share on other sites More sharing options...
MinceBalls Posted July 15, 2009 Share Posted July 15, 2009 Another good day shaping up on the markets and what a surprise this thread lurking on page 4 again. Oil up, Dow Futures up, Intel up. More easy moolah. Sometimes the opportunity cost of being a perma-bear is quite high. Moolah? My you are endearing. This thread goes onto page 4 like all the other ones that don't get added to in 30 minutes! Simple stuff, no conspiracy. And by the way, most people on here are not day trading so your point is… pointless Quote Link to comment Share on other sites More sharing options...
pl1 Posted July 15, 2009 Share Posted July 15, 2009 (edited) FTSE might be good for day trading at the mo, if you are experienced enough. Are you suggesting that this upward trend has a long time to run? You're right. I've put some trades in with stop-loss but I wish I had a live feed and was doing it full-time. What do you think the support level is? "and if so, whats the driving force ???" Good data comming in from America is pushing this DOW tracker higher I think. "Moolah? My you are end.... " It hadn't been replied to for 24 hours. I think there's good valule out there if you look. Edited July 15, 2009 by pl1 Quote Link to comment Share on other sites More sharing options...
Joey Buttafueco Jr Posted July 15, 2009 Share Posted July 15, 2009 You're right. I've put some trades in with stop-loss but I wish I had a live feed and was doing it full-time. What do you think the support level is?"and if so, whats the driving force ???" Good data comming in from America is pushing this DOW tracker higher I think. "What do you think the support level is" 4565.435232345442354354353543535 "DOW tracker" ? Quote Link to comment Share on other sites More sharing options...
pl1 Posted July 15, 2009 Share Posted July 15, 2009 "What do you think the support level is"4565.435232345442354354353543535 "DOW tracker" ? You're clearly not a TA fan? Quote Link to comment Share on other sites More sharing options...
Guest_FaFa!_* Posted July 15, 2009 Share Posted July 15, 2009 You're right. I've put some trades in with stop-loss but I wish I had a live feed and was doing it full-time. What do you think the support level is? No real idea - I am not a trader, but I follow the markets a bit. I would be intrigued if it can sustain a push past 4350-4400. I suspect this is a temporary rebound, as I don't see any fundamental reasons why it should sustain. Quote Link to comment Share on other sites More sharing options...
Van Posted July 15, 2009 Share Posted July 15, 2009 Still technically a bear market, but it's quite possible that we have a bottom in place. Some of the shorter term moving averages are now trending up, and the market seems to be writing off bad news. Still needs to convincingly push past 4650 though, which is the key resistance level. At the moment we are a bit in no-man's land. Quote Link to comment Share on other sites More sharing options...
Joey Buttafueco Jr Posted July 15, 2009 Share Posted July 15, 2009 You're clearly not a TA fan? T&A yes, TA is nosh as far as I can make out. Quote Link to comment Share on other sites More sharing options...
pl1 Posted July 15, 2009 Share Posted July 15, 2009 T&A yes, TA is nosh as far as I can make out. Quote Link to comment Share on other sites More sharing options...
R K Posted July 15, 2009 Share Posted July 15, 2009 You're clearly not a TA fan? You just had to ask didn't you? Take your pic (depends on your timeframe) 4100 appears to have been intraday support (having been resistance in April twice and support prior), 50ma may give resistance (around 4340 - which is also the existing support breakdown area on the P&F chart). 4500 has been resistance 3 times in May/June. I'd suggest 3900 is strong support if we ever get that far. 2p 'orth. (50pt box - 3 box reversal) Quote Link to comment Share on other sites More sharing options...
Van Posted July 16, 2009 Share Posted July 16, 2009 You just had to ask didn't you? Take your pic (depends on your timeframe) 4100 appears to have been intraday support (having been resistance in April twice and support prior), 50ma may give resistance (around 4340 - which is also the existing support breakdown area on the P&F chart). 4500 has been resistance 3 times in May/June. I'd suggest 3900 is strong support if we ever get that far. 2p 'orth. (50pt box - 3 box reversal) Nice chart. Looks like we are gearing up to have another go at decisively getting past 4500. If/when that can be negotiated, we can have a real crack at 4650. Quote Link to comment Share on other sites More sharing options...
pl1 Posted July 17, 2009 Share Posted July 17, 2009 Not even Swine Flu can stop the march of the FTSE this week. All in all very profitable. I'm out (for now) though. Quote Link to comment Share on other sites More sharing options...
Joey Buttafueco Jr Posted July 17, 2009 Share Posted July 17, 2009 To clarify, I don't have a problem with evidence based TA http://www.condoroptions.com/index.php/tec...lders-patterns/ Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted July 17, 2009 Share Posted July 17, 2009 To clarify, I don't have a problem with evidence based TAhttp://www.condoroptions.com/index.php/tec...lders-patterns/ that's the science bit, after it's happened. forward charting, that's the sentiment guessing bit. It's all a load of b0ll0x imo, people selling shares in companies that don't make anything (dot.con), & the whole company lives on a huge server ffs, with some posh londinium town offices, with tw@tty wide boys in sharp suits & shiny pointy shoes all patting each other on the back, talking loudly in wine bars arguing who's bought the most expensive champagne. imho of course, not wanting to p1ss on the TA bonfires. also, I wasn't online to vent my opinions after watching 'Freefall', no doubt it was discussed here, great little drama imo. Quote Link to comment Share on other sites More sharing options...
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