Morning all.

Nothing's changed since my view on Monday's thread.

Indices seem to be having groundhog days as they decide which
way to break.

Ftse is stuck between 4400 support and the 4434 last swing high.
200Ma is also in this area which the market pays a lot of attention
to for determining the overall trend.

So it's still the same. We're like a pip waiting to be squeezed
from an orange. If we break resistance Bear stops will snowball
us higher chased by emboldened Bulls.
If support goes, then we head off towards new lows.

NDX seems to be topping out and the SOX is weak. S&P is wavering
around below the 1100/1103 resistance. S&P showed a swing high
sell signal yesterday, but it did the same last week, reversed, and
went higher. :-)

Market is undecided, but when it goes it should be good move that
will let you get in late on confirmation and take a good profit.

Stay loose and disciplined, and make your own luck.

Melnibone.

Melnibone - nice summary.

Was just looking at an S&P chart. The bounce of the last week or so seems to be on generally lower volumes than for some time and it made a dead cross last week - 200 just above 1110 now