There was an error in this gadget

Mood!

Friday, February 17, 2012

FTSE close to break out ...again

FTSE 1 HOUR CHART


The hourly chart shows the uptrend perfectly.


Prices are "banging" on the resistance at 5920..

A clean break through here should accelerate the up move, possibly beginning the end of the move..

Looking for a relatively quick move to 6100, to take profits and possibly go SHORT

As always there is at LEAST 1 different scenario...
A break below the BLUE uptrend line..probably means a deeper correction sooner rather than later..






1 comment:

Total Pageviews