Secrets of day Trading Methods

Thursday, September 22, 2011

Mark Austin FTSE Trading Services - 22 September 2011

Today we are following on from yesterdays analysis.  The stop which i mentioned for sellers in this market was kept in tact (a full 10 minute bar closing above 5360) and we have see a case of ''buy the rumour, sell the fact'' , in response to Bernanke's comments last night. Yesterdays forecast was a decline to 5100 and we are almost there now.  The next big hurdle is 5100 and an end of day close below this level is the big sell signal and will indicate a final move to 4800. If we don't see this then we could trade sideways for the time being between 5100 - 5360.


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