FTSE 100

I meant on the hourly Libero:

Jackozy wrote: I meant on the hourly Libero:

give me a brake brother! I'm trying to do about ten things at the same time when i did that!

(also, surely the daily looks like a C&H? )

Be Well, and Glad you're Back (we need WS and RedChilli, CT79 and we'll be back trading by the minute!)

Haha - I meant that my son could draw a better C&H than mine

Thanks for the welcome back. When I have to go back to the office I'll probably not have time again but while the lockdown lasts....

Bit of news:
FTSE 100 jumps as Bank of England takes extraordinary measures

The Bank of England will expand an overdraft-like facility used by the UK government during the coronavirus pandemic, suggesting that it will directly fund additional spending during the crisis.

The increase in the size of the facility, which has not been used to any great degree since the 2008 financial crisis, has not been disclosed. It usually allows the government to borrow £400m.

Paitech wrote: Bit of news:
FTSE 100 jumps as Bank of England takes extraordinary measures

The Bank of England will expand an overdraft-like facility used by the UK government during the coronavirus pandemic, suggesting that it will directly fund additional spending during the crisis.

The increase in the size of the facility, which has not been used to any great degree since the 2008 financial crisis, has not been disclosed. It usually allows the government to borrow £400m.

thanks Paitech...
Is that not Zimbabwe style money printing??

ftse - weekly.
uk.advfn.com/p.php?pid=chartscreenshotsh...S/lEwrxJYLOiSO3Hh+I=

doesn't that look like a bear flag on the weekly??

atb, wdik, dyor,
trendfriend

Trendfriend wrote:

Paitech wrote: Bit of news:
FTSE 100 jumps as Bank of England takes extraordinary measures

The Bank of England will expand an overdraft-like facility used by the UK government during the coronavirus pandemic, suggesting that it will directly fund additional spending during the crisis.

The increase in the size of the facility, which has not been used to any great degree since the 2008 financial crisis, has not been disclosed. It usually allows the government to borrow £400m.

thanks Paitech...
Is that not Zimbabwe style money printing??

ftse - weekly.
uk.advfn.com/p.php?pid=chartscreenshotsh...S/lEwrxJYLOiSO3Hh+I=

doesn't that look like a bear flag on the weekly??

atb, wdik, dyor,
trendfriend

It defo looks like a bear flag to me! and the BoE / Tres decisions defo look like Zimbabawe (or any developing nation's) actions to me too in fairnes..

The markets see what they want see - until the big reveal.

At the start of the 2007-09 crisis, the SPX dropped a massive amount, only to rally back hard. and then, it dropped again.

Anything is possible.