The institutional funds jumped in yesterday and bought up cheap stock near the MA 200 as we had discussed. These are longer term investors with a higher risk tolerance (they use LARGE STOPS) and they will use corrections in a bull market to their advantage. Right now we are still in a bull market until we see otherwise. Longer term subscribers will know 5477 is the level which separates the bull market from the bear market.
Yesterday's price activity also revealed just how important 5820 is, with the market clearly not accepting price activity under this level right from the open at 8am.
So whats the strategy from here?
The complete FTSE Trading analysis and trading opportunities are available when you sign-up to the service through the Mark Austin Trading website.
The complete FTSE Trading analysis and trading opportunities are available when you sign-up to the service through the Mark Austin Trading website.
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