Secrets of day Trading Methods

Thursday, April 21, 2011

Mark Austin FTSE Trading Update - 21 April 2011

Good morning

After a strong rally yesterday FTSE futures are hovering close to 6055 today. As you will remember minus development at this level 10 days ago was a key factor which prompted us to position short for 5850. If the FTSE can hold this level this morning then new highs are imminent above 6106 and we will position long on a subsequent pull back.

Failure to hold this level is once again negative. 

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