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ohhhhhhh sugar 6500 support gone.

GF - it just reduces the holding to £80pp so not 2 spreads - the price you raise the sell order at is the same price that you would get (if the mechanism existed) if in your parlence - you "cut the original holding".

50 day EMA given way aswel. Right on 50% retractment FIB level at 6480.

Will this hold.

Could be heading for 6400 support both fib and on chart support here.

Support on weekly chart at 6400, see bear candle 2nd week of March......

Fragile support mind.

6400 approaching.

On the DOW I have support at 15,100......looks like thats gone but end of day may recover, failing that next support at 15,000 tail on 2 candles.

S@P support at 1625, looks like thats gone....next support 1590.

i recollect 14750 being the number on dow

More like 14,700 after 15,000 which COULD go today.

Looking at sharp charts.

Ill post it up.

See if this works.....

http://stockcharts.com/h-sc/ui?s=%24INDU

MAY 1st red candle

14700/14750 = not a lot of difference, but a level at which to buy i'ld guess

50 pips at £100 per pip is a bloody big difference........ well it is to me.

See what I mean about the support though on the candle base.

May all but wiped.

Yep looks like a line of support /resistance either side of 6400 Late feb early may.

Fingers crossed.

Approx 5.4% drop from high of market to close today.

Pull backs from 2012 have been around this mark, so is it the end.

Hope so but it looks ugly out their.

Futures now right on the 6400 support.

Wouldnt be suprised to see this go even though we are down over 5% from the top of the market.

The US indicies have lost less ground so we could see further falls.

We have support on the daily at 6375/6380 but it looks flimsy.

Looks lile I may be raiding my slush fund for the first time in 18 months tomorrow.

i concur sticky .... the markets really are very difficult to read at the moment ..... one would have expected ftse to take a big hit this morning after dow continued sharply south after london close ...... seemingly not so, or at least not at the open

RE- post 592

FTSE 5.4% off top of high for year.....

DOW 2.65% off top of high for year.....

S@P 3.12% off top of high for year......

Whats more both above US indicies well above mean for 50 day MA.

Conclusion....... their maybe further trouble ahead given that a lot US analysts thinking is for a 5% correction.

This would obviously bring down the FTSE with them.

hence 14700/14750 i'ld guess