FTSE

Watch out for a close below 6417 today as that's the uptrend support from Nov lows:



dl.dropbox.com/u/20815047/FTSEdaily21_03_13.gif

Close below 6386 would also make a lower low so 2 levels of support close by today. There is a clear bearish divergence at the recent double top at 6533 too. Targets are shown by the blue support lines coupled with the 38 fib as I have this as a possible wave 4.

FTSE 1HR

Early morning yesterday posted on chat

dl.dropbox.com/u/40497882/ftse15Mar.JPG

full version EOD updated this morning:

dl.dropbox.com/u/40497882/ftse1hr_15Mar.JPG

Get your shorts out if you dare boys, not long to wait now!

Safe target would be 6106/7

F4T

uk.advfn.com/p.php?pid=chartscreenshotsh...qoHx&symbol=FT%5EUKX

It's not really at a known resistance either. Perhaps best to wait and see where Dow closes - if that also has a shooting star then I'd be concerned. Looks unlikely now though.

FTSE candle could be a bear trap.

I might be biased though as I took a quick long into the close and will add if I can anywhere near 6412 breakout point tomorrow. Still a couple of final waves up to come into May for me before a larger correction.

Its very close to one but its got a small tail so more like a doji. just a few points away from one thou so very close.


dl.dropbox.com/u/4899609/ftse1006thmarch.png

would you say it's a bearish shooting star on FTSE daily (today's candle) ????