Secrets of day Trading Methods

Monday, April 18, 2011

Mark Austin FTSE Trading Update - 18 April 2011

Good morning

The FTSE remains negative whilst acceptance above 6000 is avoided.  The first 2 parts of the correction are over and we are awaiting for the final stage to develop.  

A break below 5960 will confirm this short correction will indeed reach lower prices.

Its also worth noting we have a short term negative signal form last week's price action in the form of a negative outside week. The FTSE made a new high for week at 6070 but closed lower than the previous week.

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