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 plus FX can also to be included in posters analysis.

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Kipper System 1 http://t.co/heOgs9b

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DAILY MORNING CHARLES STANLEY Traders Bulletin

http://www.charles-stanley.co.uk/traders-bulletin

Central Research Morning Report,

http://t.co/BTw64ZxW5e


RESOURCES

http://blog.tradersdaytrading.com/

http://stockcharts.com/school/doku.php?id=chart_school

http://www.cantos.com/masterclass

http://www.onlinetradingconcepts.com/TechnicalAnalysis/ZigZag.html

http://bigcharts.marketwatch.com/http://www.stockmarket-coach.com/index.html

http://www.trade2win.com/knowledge/equities/

http://www.babypips.com/school


CHART SCREENERS

http://www.iii.co.uk/spreadbetting/type=technical

http://www.barchart.com

http://www.autochartist.com/

http://www.britishbulls.com/

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?

6380 ish next support level on FTSE. Last blue candle in March, tails both sides of body.

Then 6375 (edit) blue candle as support, March again.

Support now 6325. Bet the big wigs on the DOW are loving this.......

Blue candle in jan and feb at 6325

Wouldnt bet against 6250 being the bottom of the sell off looking at above chart.

FTSE 100 down 7.38% since May 22nd from 6840 to 6336 last night.

my gut feeling (wishful thinking?) is that the gloom about today's us numbers is overdone (see fear+greed) ...... target figure is now +150,000 down from +195,000

Gloom about todays figures!!!! most analysts I have been reading on the US sites are very upbeat towards the expectations of the non farm payrolls.

Ill be glad if someone from the FED just comes out and says QE is not in the near future going to be tapered.

The problem being the US is further up the cyclical ladder of recovery than Europe and Asia which could lead to interest rates increasing and the equilibrium of world market balance being put in a spin.