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Traders Thread - Monday 31st January (TRAD)     

Greystone - 30 Jan 2005 14:46

Greystone - 30 Jan 2005 14:46 - 2 of 8

Greystone - 30 Jan 2005 14:47 - 3 of 8

Greystone - 30 Jan 2005 14:47 - 4 of 8

Limpsfield - 30 Jan 2005 14:55 - 5 of 8

Limpsfield's Weekly Chart View
It is still a mixed picture from the indices. The FTSE 100 continues to hold up in the face of a weak and "lacklustre-on-the-rallies" US market. It will be interesting to watch the reactions by the indices this week following the Iraq elections.FTSE 100mamftsedaily.jpg The 4765/4785 area mentioned last week once again proved pivotal on Monday. The market traded down to 4770, sentiment turned and by Wednesday it was 90 points higher. This 4765/4785 area remains a big level of support for the FTSE 100 and any weakness back into this zone, remains a buying opportunity for now. The ceiling for the market remains at 4863, the highs seen all this month. For now, while the recovery from August remains just about intact, 4900 is the next interim target for the FTSE 100. Intraday FTSEmamftseintra.jpgDowmamdowdaily.jpg Last week saw the US market on the odd occasion stronger than it has been for a lot of this month but that is not saying much. It is clear on the daily Dow chart that a break much below the 10,350/80 support results in not much in the way of support till the psychological 10,000 area. This is a market that remains under pressure with plenty of small resistance levels set last week (e.g. 10,470/90) as rallies continued to fail from Wednesday to Friday. To really pull out of the weakness we have seen all this year would take a move through last weeks high around 10,530 then it is time to start looking for some real upside. Intraday Dowmamdowintra.jpg Have a good week David Limpsfield is David Jones, the widely acclaimed charting expert at Shares Magazine who also hosts regular Charting courses for Global Markets Training (www.glomtc.com)

midknight - 30 Jan 2005 16:46 - 6 of 8

Once upon a time it was possible to double click on the newspaper title on this page and access the newspaper. It seems this feature has been disabled!

Bullshare - 31 Jan 2005 06:41 - 7 of 8

morning all

daves dazzlers - 31 Jan 2005 07:41 - 8 of 8

Morning all.
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