Secrets of day Trading Methods

Wednesday, May 4, 2011

Mark Austin FTSE Trading Update - 4 May 2011

Good morning

On the attached chart you will note we are currently (6030) resting at support on the daily chart, the MA 20 and also the 38.20 retracement level.  We are treating this move down as a correction and if we had not failed to make new highs yesterday above 6106 (failed retest) this could be viewed as a good place to position long.

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