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spot on martini many thanks.

Martini

Wonderful work and many thanks .

teddy

Martini

Great work and thanks to BT for his interesting "diarist" and "thoughter" comments.

Excellent work, as usual, Martini and BrianTrayda. Thank you.

I've put a chart up that shows two Ma's that I look at in conjuction
with the Macd.

When ever the index tracks through the 20Day Sma it carries on through
the 40Day Sma and the Macd crosses the signal.

As you can see above, we are trying to break up through the 20 with
the 40 sitting above it. The 40 is also below the 4500 resistance which
is also the gap open down point, that I keep banging on about, that started
this long period of range trading.
The Macd is also just starting to cross the signal to the upside with
what looks like the start of a positive divergence.

This says to me that there is a possibility, this week, that we at least
test the 4500 resistance. Barring any 'Events' that is.

Unless Asia rallys tonight, we should open a little down tomorrow.
GSK is getting hit again with more bad news from a UK inquiry. Also
folk are starting to twig on to the fact that the Eliot 'Ness' Spitzer
action in the US will also attract litigation 'Ambulance Chasers'. The
US aren't backwards in coming forwards if there is a chance of some
fat law suits. This could put a cloud over GSK for a considerable period
when you remember that the US tax folk are also after Billions.

GSK has a large effect on the FTSE, so if it starts to drop it may
drag the FTSE index into a buying opportunity if my MA/Macd scenario
outlined above has any merit.

Just musings, not predictions. Will let the market guide me as usual but
will watch to see if this pans out and try to take advantage of it.

Melnibone.

Melnibone
Thanks for your musings very interesting.
M

morning campers,

long barc bby bdev cs ctm tsco wlw nas s&p...

me thinks this is going to be a blue screen day after the nikkei 300 point rise last night...

have a good day all see you at the open...

Mega...

Morning all,

Thanks to all, this is developing into a excellent thread - I'm sure David is looking down on us all, extremely pleased on the way you have all pulled together to keep his thread going. I don't think you'd find that on any other BB.

Morning all.

mornin all

covered BDEV + 11.5 +13 aint happy about possible rate hike this week :-)

Morning all.

I see my 20/40 Ma and Macd scenario worked out.
And a fat lot of use it was to me!!!!

Asia, bless their little white cotton socks, decided to have
a big rally.
This took the US futures up and the UK opened higher through the 20ma
and carried on through the 40 ma to close my gap at 4500.

Well those Bull horns didn't last for long. May as well put 'em back
in the loft and get the Fur and Claws out again.

We are now up at resistance with the gap closed. But, if the US does
the same we've all left a gap open behind us, lower down.
Looking for Index shorts again now, but have to be mindfull of
a range breakout higher.
Need guidance from the US, as usual. Nothing changes, does it?

Good hunting all.

Melnibone.

long more CTM 83.5

Mornin all

thanks martini and BT.

VTI having a good morning :)

Morning.
Interesting setup you have on that FTSE chart Melnibone.

Morning to one and all.
Nice sunny day in costa Ellesmereport.

Martini and Bt: thanks for all the work that u have taken on and are producing Fruitful work which we the readers are finding very useful.

rgds
zarif

Glad you found it of interest, Snoball.

Check it out on the other Indices. Seems to give good
direction guidance on them as well.

Melnibone.

I see the FTSE has decided not to follow the US again!