Secrets of day Trading Methods

Friday, April 1, 2011

Mark Austin FTSE Trading Update - 1 April 2011

Good morning

Yesterday's last minute flurry of selling provided the retest at 5900 but also gave 2 negative signals:

1. Negative outside day. The FTSE made a new high and closed on a new low when compared to the previous trading day.

2. A close under the 50 day moving average at 5935.

If we see acceptance under 5900 again that will provide a sell signal. 

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