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Traders Thread - Thursday 26th August (TRAD)     

Greystone - 26 Aug 2004 06:20


Melnibone - 26 Aug 2004 13:07 - 13 of 14

Afternoon all.

FTSE took out the last swing high this morning, so theoretically
I should be looking for an entry point for a long back towards
the top of the range.

I don't like the way that it just squeaked it on a gap open on
what looked like to me was a US short covering rally. It didn't
trade its way above it.

US hasn't taken out the last swing highs, yet.
So for me, the jury is still out. I'll take longs if the US
trades strongly through the last highs on good volume.
Meanwhile, just the usual small, intraday, blue chip scalps.

Melnibone.

Jumpin - 26 Aug 2004 23:33 - 14 of 14

Isn't croc in the thread better than trad?
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