FTSE

'so what's to be cheery about?'

It's friday and i'm going to the pub in 20 mins?

...given all of the below the markets are still going up, even the rejection of the greece proposal yesterday only caused 100 point blip on dow so there is stilla massive bullish undercurrent. Some thing like that in 2011 would have caused a 500+ drop.

The below are all fundamentals anyway, don;t worry about those ...i've come to the impression that the media just use those to try and explain whats happened in the charts (see them trying to pass off a near 2000 point dow drop on fears of ebola in sept/oct, yet Europe potentially falling apart only causes 100 point drop)....I think the charts drive the news now, with the media deciding a stories relevance and how much air time to give it based by how much action happened to be going on in the market at the time!...maybe that's taking things a bit far but then maybe after a pint i'll be declaring it as de facto

"so what's to be cheery about?"

I woke up this morning and I'm still above ground!

Psst! You don't have to trade the ftse: there's masses of trades out there.

Best plan? Investigate; line 'em up; hit 'em; and smile

i admit only to being a professional numpty and i accept that you guys generally trade the trend

however, i confess to being much more bearish than the markets seem to indicate
greece has bought itself some time, but most assuredly that problem has not gone away
ukraine looks to be steadily deteriorating, and no one really knows how that will pan out even over the next couple of months
chinese economy is undoubtedly slowing down which has significant to severe consequences for many sectors
collapsed oil price is fine for consumers in the short term, but is severely impacting the investment capabilities of a number of countries as well as wreaking havoc with international trade
general election is imminent, which in itself brings uncertainty - something that markets dislike greatly - following which uk will almost certainly have some kind of weak coalition led by one uninspiring nonentity or another, supported by similar lieutenants

so what's to be cheery about?

Monthly chart
uk.advfn.com/p.php?pid=chartscreenshotsh...Oq1w=&symbol=L%5EASC

Is this finally going to break 6930???

Going to watch closely @ 6930, during market hours....
Long above 6930, mid term target 7500(ish).

Short if it breaks stay below.... target 6400(ish)

Regards,
Trendfriend.

DYOR..

dl.dropboxusercontent.com/u/40497882/FTS...DFB%29Dec%209_14.png

key level approaching.....