Secrets of day Trading Methods

Friday, May 13, 2011

Mark Austin FTSE Trading Update - 13 May 2011

Good morning

The week of consolidation continues and we remain in a horizontal channel with no real clear direction. We did manage to close the day just above the 50 day moving average (at 5940) so that is one saving grace to the bulls.  

If the market breaks 5930 today then we could well see the all important 5855 level broken.

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