I am trading the FTSE and have been buying dips as I stated in my newsletter. I am however very aware that for any upside momentum to develop, we need to get above 5775. This is the sticking point now. I will buy more once we are above, if at all.
The Dow flirted with support at 12,000. I think eventually we will see the lows from January and March tested, but I am betting on a shorter-term rally developing from this area.
The expected turn Wedneday(see further down) could just well have been the low we were looking for....
Tom
Wednesday 18th June 2008 - 10:36am
There has been a technical issue with the email server and the newsletter did not go out yesterday. It has been sent out right now and should be in your email box.
Tom
The Weekly TA will be sent out at 3pm today.... please sign up if you are not already receiving it
Tom
Tuesday 17th June 2008 - 09:15am
I am trading and writing my weekly newsletter. I have been long on and off. Here is the Map for today in the FTSE..... thought you should be aware of it... the top of the Map you see below is noon ...
Monday 16th June 2008 - 10:16am
Good morning,
There is an interesting turn date coming up in the middle of the week, potentially. I have been betting on more upside this morning, but managed to get myself stopped out for nothing on the 35 point dip in the FTSE this morning. Barclays is up 8%, which makes me suspect that the FTSE will continue higher if banks are higher.
I will post more charts later today. I have a www.t1ps.com webinar..... I tipped Barclays last week for a trading bounce, which will make me shine of roses. That will make up for my tip on HMV, which lost 7% last week on a broker downgrade. You got to love this game.
ANALYSIS
