AI
Monday, March 03, 2003 9:22:04 AM
Yes, FTSE at HOD
I have not been watching the FTSE much lately. Have most of the times when the FTSE is showing a good HOD signal also been times when the INDU has had a gap and crap as the Futures have already topped out? Looks as though the FTSE had a false HOD this morning, before it's 9 AM. That would compare to how we watch for a false HOD on the US Markets before 10 AM. The FTSE found support at it's SMAs and continued higher. That Might be the pattern to watch for today, maybe. If we get a breakdown of the Intraday SMAs on the US markets though then 850 might be the top again, maybe. Will be watching for a breakdown today or if the breakout will continue to hold SMA support.
I have not been watching the FTSE much lately. Have most of the times when the FTSE is showing a good HOD signal also been times when the INDU has had a gap and crap as the Futures have already topped out? Looks as though the FTSE had a false HOD this morning, before it's 9 AM. That would compare to how we watch for a false HOD on the US Markets before 10 AM. The FTSE found support at it's SMAs and continued higher. That Might be the pattern to watch for today, maybe. If we get a breakdown of the Intraday SMAs on the US markets though then 850 might be the top again, maybe. Will be watching for a breakdown today or if the breakout will continue to hold SMA support.
Good Luck to All! :^)
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