Secrets of day Trading Methods

Friday, February 18, 2011

Mark Austin FTSE Trading Update - 18 Feb 2011

Good morning

Its options expiry today and the activity after this event can be pivotal. With the FTSE trading in a tight range for most of this week I expect a large move either today or early next week.

Expiry takes place just after 10am.

For the bulls a weekly close above 6100 is what they are looking for. The clear stop for them is a close below the 20 day moving average at 5980.

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