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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

Well thats what youd be looking at yep.

Futures positive now but we know how volatile they have been in the last 2 week.

Confidence very fragile.

Buying now is like finding 'Fools Gold'.

so are you short anywhere, even if only as a hedge?

Was on TSCO but closed 10 mins ago +44

Being more or less on holiday i dont want to have to keep checking up on screen or would certainly have been short on a few positions a week ago.

U short on anything?.

only modest ASC and a small ftse .... confess i should have just sat on my hands having taken my profit the other day instead of being a smartarse, and now having a well-deserved smarting arse!

I got filled @6,400 last night - only my 2nd FTSE long for ages.

+44 on TSCO is impressive - year high is 388.05.

ooops yep meant + 34

US pay rolls tomorrow could decide wether we have reached current bottom.


Been reading quite a few yank sites blogs etc, and they seem pretty confident figs are going to be good.

good employment numbers = less quantative easing = fall in dow?