FTSE

lets get ready to rumble = up
lets get ready to crumble =down

my stance has remained bullish since the lows in july and nov 12 & posts reflect that, the recent side ways action, well it was just teasing the bears n bulls...like giving a candy to bears and taking it away lol.

ftse n spx has made a new highs, dow laggining, although dow has now retraced over 90% on the recent down move in Nov12, will we see the reverse this time round...whereby dow fails to make new highs like SPX last time round.....

Remo put a good post on Dow today - could it be we will get there 13665/700 area, pullback in a 4th to close that gap created today and truncate in the 5th on int wave3.... hmmm we will see when we get there.

Dow = 13588, we get abv that then will will see 13665 imo.
Ftse a decent close, targets indicated in below post stand for now. assess and re-assess, take each day step by step.


regards WS.

but which way...up or down.???? SPIN THAT WHEEL !!

enough of this sideways move both Ftse , Dow N SPX......get ready to rumble imo.

Yep, doesn't look too good. It's the first time it's been tested since May 2011 so I'd have been surprised if it had gone through on the first test. Perhaps it'll just hit the short term uptrend support and then have another go?

It looks like the ftse is losing the battle.
This area is a strong resistance.



dyor

hammering that base remo ?

remo wrote: Nice ascending triangle breakout.
So far its been boring which is no surprise as its probably waiting for the cue from the dow
This area is a well known resistance area yet price has not convincingly broke out yet which says that its still battling with this area.

weekly chart

dl.dropbox.com/u/4899609/ftse10014thjan.png

dyor