CHART ATTACK - Longs and Shorts. (epic char)
(CHAR)
goldfinger
- 12 Jan 2010 20:42
A thread created for the TA of charts on the LSE markets. (aim and plus included)
Beginners and advanced wellcome. Long or short, just post your views and lets have some positive discussion. FIRE AWAY.
NB, UK indicies and sector charts can also to be included in posters analysis
Interesting post off twitter this morning. re- xmas bounce or lack of it.
FTSE Trading Report - 15 December 2011
markaustinftsetradingservice
December 15, 2011
5360 is a key level today. A break below here today will be short term negative however this move down is messy and very correctional so the decline is over now or it will complete very shortly. Its not in the fund managers/ institutional interests to let this fall too far before the year end. Many are counting on the ''Christmas rally''. As mentioned earlier this week, I feel we had the Christmas rally at the end of November however we may see some upside when all the retail clients give up on '' The Christmas Rally'' phenomenon.
We have some long exposure in the Weekly binary. I am not holding any spread bets and I will only enter these on very low risk set ups (like this morning).
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The markets will also soon be entering a low volume period with traders going on holiday so you could see institutions push the market up on low volume towards year end. After all they want their bonuses.
Monday 19 December 2011, 02:25 ........................ ends.
Been reading his reports throughout the year and hes pretty good. Mind, today so far looks like a dead dog.
It's generally a bullish indicator, as would be the price itself crossing above and holding above a long term moving average. The 20 day MA naturally follows the price more closely than a 200 day MA. How you would look at it depends on the situation. It might be more relevant if a share that's been in a clear downtrend shows this, as it might be the early signs of a long term trend change. It might be less relevant in a share that's been in a directionless range over a long period, as these will tend to cross above and below averages quite frequently.