Wednesday, 17 June 2009

FTSE DR Short 1 @ 4279 17/06/09 20:59

Let's do it! Have re-opened the position. What tomorrow may bring who knows, but the plan is to see the index down to 4100. Have always wanted to try this method of banking a profit then getting back in so let's see how it goes...

Using the March 9 low of 3485 the rally has currently been unable to break through 4500 looks like using Fibonacci we can see a support at approx 4250. A break below this and the next support is at 4100? Meh who knows

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