FTSE

obviously key levels to get through...and confirmation required...but you never know..

Shooting star (well, almost) at known resistance - downtrend at 5910, natural resistances at 5921 and 5932. Here's the hourly:



dl.dropbox.com/u/20815047/FTSEhourly06_12_12.gif

The ftse has a divergence on the OBV(on balance volume)
Could this be an early indication of a possible breakout to the upside????



DYOR

30min chart long entry based on inside bar. stop below yesterdays/todays low, looking for a break of 5904 to confirm inside bar breakout.

With respect to higher prices, nothing suggest that this is not possible from a tech standpoint, unless a key level has broken down. i still thing 6000+ is very very possible, doesnt mean it cant pullback from there tho. previous posts explain why.

dl.dropbox.com/u/40497882/ftse30min_insidebar.JPG

WaveSurfer wrote: 30min chart long entry based on inside bar. stop below yesterdays/todays low, looking for a break of 5904 to confirm inside bar breakout.

With respect to higher prices, nothing suggest that this is not possible from a tech standpoint, unless a key level has broken down. i still thing 6000+ is very very possible, doesnt mean it cant pullback from there tho. previous posts explain why.

1 position closed, rest stops moved in

WaveSurfer wrote: dl.dropbox.com/u/40497882/ftse30min_insidebar.JPG

WaveSurfer wrote: 30min chart long entry based on inside bar. stop below yesterdays/todays low, looking for a break of 5904 to confirm inside bar breakout.

With respect to higher prices, nothing suggest that this is not possible from a tech standpoint, unless a key level has broken down. i still thing 6000+ is very very possible, doesnt mean it cant pullback from there tho. previous posts explain why.