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Nikkei +-

Hang Seng +3

7:30am Futures

FTSE +4

Techmark +2

DAX +6

Dow +14

S&P +0.9

Nasdaq +2

United Kingdom Calendar   13th October	United States  (GMT)	Europe & World (GMT)
European Motor Holdings (I) Carphone Warehouse H1 Trading Statement 00.01 Office of Deputy Prime Minister Housing Index 09.30 Sep PPI Input m/m 0.8% exp. Output m/m 0.2% exp.	Applied Industrials (Q3)
Good Trading!      david@FTSEDOW.com     www.FTSEDOW.com Futures Pivot Calculator BB HTML Editor

morning.

MON FTSE PP

R2 4345.4
R1 4328.2
PP 4309.8
S1 4292.8
S2 4274.2

WEEKLY FTSE PP

R2 4378.3
R1 4344
PP 4293.3
S1 4259.6
S2 4208.3

Right ftse closed above Fri pp (bullish) after gaining .2 in the auction, close was also above the weekly pp (bullish)! Still above the 61.8% FIB level (bullish) and above my Long term signal line and 60 min sig line (bullish)! Close was also above the 3yr downtrend (er bullish). Ftse forming a broadening top/elliot wave 3/3/5 formation which is a consolidating pattern, but is at the upper edge (bearish), lower edge now at 4050ish! Rsi looks overbought (bearish) and ftse still forming an H&S pattern (bearish), failure to make a new high like the dow this week (bearish), divergence at close has narrowed a little! Looking for dow to break uptrend at 9675 (as i write 9668) with a close under 9600 as a pos trend change! IMHO



Updated 10/10 for Monday's market.
Key DOW Levels for 10/13
UP Above 9,700
DN Below 9,650

Consolidating
Dow trades sideways entire session.

From prior commentary, "...The index has formed a clear trend line beneath the lows of the 15 Minute Chart and is currently sitting above this line. Look for a continued uptrend above the line until a violation of it occurs at 9,650..."
The Dow opened the session up this morning, but ended the day flat as the index traded sideways the entire session, as seen in the 15 Minute Chart. The Dow continues to hold above the 9,650 level and appears to be gearing up for a solid move, indicated by the tight consolidation that has formed from 9,650 to 9,700, seen in the 15 Minute Chart.

The Dow continues to trend slowly higher above a clear lower trend line (15 Minute Chart) that we will continue to monitor for Monday's market. A downside break of this line at 9,650 will likely spark a significant push lower in the medium term. Until this occurs, however, further upside will likely be seen, especially if the Dow can break and hold above 9,700, sparking an upside reversal off the lower trend line.

Short Term Dow

Short term, the Dow has formed a clear short term upper trend line across the highs of the 5 Minute Chart. An upside break of the line at 9,680 will likely indicate strength for Monday's Open. Otherwise, look for continued weakness below this line.

Medium Term Dow

In the medium term, we are still Long the Dow from 9,381 and will hold stops at 9,650 to lock in 269 points of profit on the prior move. We will stay Long above 9,700, and will look to Short below 9,650, with 10 point stops on any new positions. There is a solid fulcrum at 9,650. If this line is violated, the market should move lower.

NASDAQ & S&P

The NASDAQ and S&P each traded sideways the entire session, but each continue to hold above clear lower trend lines. Look for continued strength until these lines are crossed. *

Summary

The Dow ended today's dull session nearly flat, as the index pushed sideways within a tight range all day. The Dow continues to hold above the clear lower trend line, which will be key for Monday's market. A break of this line at 9,650 will indicate weakness, but look for a steady move higher if the index can hold above it.

Morning all

New HTML editor available on the header bottom bar. Makes it easier with cut & paste to make postings with charts/ graphics /pictures and bold fonts etc

Its looking a positive day in the FTSE and we could do with a decent upwards run here's hoping....

stockbunny
All short term resistance points broken on the FTSE so 4500 is on the cards

-- croc,

I see a resistance line from the peak of around 19th/20th June, through the peaks of around 20th in August & September. Seems to me that a close at this level is only 1 close just above that line, so I wouldn't see it as broken conclusively yet.

Which levels are you looking at as your resistance points?

As on the 3 year downtrend chart on posting 1
Today's close really smashed that resistance line.
D.

Ah, OK - when you said short-term, I was looking at a much closer horizon.

Wondering if anybody has any suggestions for best time frames and associated charts / indicators for someone who is unable to constantly monitor intra-day price movements. Interested initially in FTSE_100 and DJIA spread bets / CFD.

Be very grateful for any pointers at good sites and TA stuff.
In advance, thank you.

I say croc, you are spoiling us!

Thanks LW

Its much easier with cut & paste

Test Page

Bloody good aint it :-)

Bloody good aint it :-)

You need to be careful or we could get carried away!

:-)