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9am

Jun 29th, 2010 by

Well, Ftse currently down and looking to be heading for the 10day channel support at 4973.  Predicting it to hit 4950 though before bouncing up, as its not really paused at that support. There is so much negative sentiment that its hard to get bullish and the rises we saw upto 5830 were very overdone. Fortunately started layering the shorts in at 5700, 5750, 5800, and the next was due to go on at 5850 but it didnt take. Closed them all for a considerable amount of points. That was before this blog, so from now on all trades will be logged.

Posted in FTSE Analysis, FTSE Daytrades

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