Secrets of day Trading Methods

Friday, November 26, 2010

Mark Austin FTSE Trading Update - 26th Nov 2010

Good morning

I am still in the process of determining whether the 4th wave is over and whether we have started the final 5th up. I have labeled the 4th wave with a red arrow for reference.

Back to shorter term analysis, 5700 was achieved yesterday so I would expect a brief pull back this morning. 5650 remains key support for now.  Acceptance (3 thirty minute candle bars) would be detrimental to further upside.

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