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
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CHART SCREENERS

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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.

whatever the figures, they could be interpreted by the market in either direction ...... we all know that sooner or later QE will be tapered out, and from a world economy point of view, that is surely no bad thing - i.e. it indicates that the us and thus world economy is back on the up

Yep its truly a conundrum one which I cant really remember coming up against in the markets before, maybe i993 but Id have to check my historical note books.

Cyners I thought your 150,000 fig was wide of the mark I had read about....

skinny - 07 Jun 2013 08:13 - 8 of 11

U.S. hiring seen pointing to economy in need of Fed's help

WASHINGTON | Fri Jun 7, 2013 7:40am BST

(Reuters) - U.S. employers likely stepped up hiring only slightly in May, a sign the economy was growing modestly but not strongly enough to convince the Federal Reserve to scale back the amount of cash it is pumping into the banking system.

The United States probably added 170,000 jobs last month, with the unemployment rate holding steady at a lofty 7.5 percent, according to a Reuters survey of economists.

Ashraf Laidi‏@alaidi1m
+175K good but not good enough to TAPER UNEMP RATE 7.6% from 7.5%

On a positive note 92.5% of the workforce are in work.The optimistic view always looks better.

ohhh indeed indeed Roselea.

Pity we as humans always focus on negetive things,eg, so fed up of watching depressing news on news cannels.

Reckon if someone opened a news channel for nice/positive news it would be a great hit.

Back on course for 6400 support......... at the moment.

Thats the problem with a smaller world, news flow is so fast and easy to get now, never mind the computer bots.

i obviously read a different article, but clearly my prediction that the market would finish strongly today was spot on

SPOT on.

Told you so. Cyners

C+M Index (NMX2350)
try this for an obvious - friday bounced straight off 200 dma
i already held (in too early), but assuming reaction is good on monday too, then probably some good upside still to come

hmmm nice chart.

Cyners still a bit wary.

Wait for confirmation even if you lose a few pips.

The week ahead update is now available.

http://navpatel333.wordpress.com/2013/06/09/the-week-ahead-uk-equities-14/


Upchart.