FTSE

Any thoughts on a possible long at 5635?



dl.dropbox.com/u/20815047/FTSEdaily15_11_12.gif

Its the finishing price that counts
If the price finished below the support then it matters
Its saying the support held.
dyor

A nice hammer indeed, but could it be argued that this has pierced the support level, almost tested it / felt for a lower push?

Thats a beautiful hammer right at support.
Im still long from my earlier entry . My stops were below 5715 .This level got hit but my actual stops were at 5695 so lucky in some aspect.Had to go below the round number rule.
This looks like its still in the range from 5740-5932 which is roughly 200 points .
I just hope the dow can finish strong today so as we can rally a bit based of the hammer.






DYOR
remo

Unless something unexpected happens, I'm not looking to go long on the FTSE until it hits the main uptrend support from March 2009 lows which sits at 5486 (today, rising daily):



dl.dropbox.com/u/20815047/FTSEdaily13_11_12.gif

Mind you, we should always expect the unexpected, right?

Did you go for this this morning? Hit your level exactly...