FTSE

twl2009 wrote: All three US indices fell between 5-7% on their downgrading in 2011. The Ftse is obviously toppy at the mo, any thoughts on mondays action?????

I think because everyone was expecting a drop the market surprises us as usual, with a rise this morning. Suckers rally? I've gone short at 6381. 30 point stop.

All three US indices fell between 5-7% on their downgrading in 2011. The Ftse is obviously toppy at the mo, any thoughts on mondays action?????

dl.dropbox.com/u/31800760/charts%20request2.pdf

view of ftse and a few other requests for info

Yes that is a negative div.
I think you will find one the MACD tOo.

Gee

Beginner question, sorry, but is this a divergence on the daily?

www.dropbox.com/s/xeebx9jk60h2led/Screen...%20at%2011.39.41.png

Chart attached on smaller timeframe shows a rising wedge that is approaching its breakdown point and extreme negative MACD divergence.

IMO it is only a matter of time before we see a retrace here. My guess is that it will come when the US approach their delayed budget cut deadline on 1st March.

uk.advfn.com/p.php?pid=chartscreenshot&u...18msckUEeR%2BPzQ2vlV

Patience, patience......
F4T