FTSE

Head and shoulder forming???



dl.dropbox.com/u/4899609/ftese1004thmarch.png

head and shoulder formation will comfirm once
the ftse finishes below 6272. But id be more happy with shorts
if 6258 was broken


Look at the RSI divergence on this


dyor

Short FTSE from 6353 with a 45 pip stop

Target is 6130 (20 pips above the 6110 support I have charted)

I'd post a chart, but my chart is messy at the moment and probably would cause more confusion to others than help.

I took tht but have closed it. Now thing FTSE will go to 6297 before a final drop and then a 5th wave up

Maybe looking to short at 6277 as that will be the brekout point I think

FTSE 123 high breakout
its made a LH & a LL

It looks like it gonna be a shorting frenzy day tomorrow.
Some serious bearishness in the American markets last night.
It looks like ftse will follow suit today. I won't be looking at adding any new longs for the time being as it looks like a bigger correction may be about to start. So careful with the longs.
There will be a lot of gap downs first thing tomorrow.
I'm currently short on a few shares so looking good for my shares