This was more like it. A bit of movement - I feel like I haven't seen this for a bit.
The 5 min, 50 point pivots chart was the one to use yesterday. It changed it's daily mood again to a different time frame, but at least the market was moving decisively for most of the day.
3 min price bounced nicely off the 20MA most of the day, and the daily chart is now using 20MA as support too.
Hey did you see this BBC news item. Interesting to me - you probably already know all about it but hey!
ReplyDeletehttp://news.bbc.co.uk/1/hi/business/10479983.stm
Wow. Thanks Jim. I didn't see this as I only follow Forex markets, but actually, yes, looks like FTSE's on its way down for a while!
ReplyDeleteI love the way they sensationalise these chart signals that happen regularly on just about every chart. It's usually when they feel in the mood for putting panic and uncertainly into everyone's minds!!!
It's probably the work of someone who's short-selling the market so they can make a better profit!!!