FTSE approaching 61.8% retrace
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     userxx
Member
Username: userxx
Post Number: 10
Registered: 02-2005Rating: N/A
Votes: 0
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| | Saturday, September 17, 2005 - 04:53 pm: |  
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a quick glance at the Ftse with my naked eye shows we are approaching a crucial level and one which may prove to be strong resistance. Reaction at the 5550 level will show whether the UK will continue on with its upward momentum or whether it will take a temporary breather, or in fact roll over and capitulate. Bears close watching to give an indication of where the XAO may be heading also
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userxx
Member
Username: userxx
Post Number: 31
Registered: 02-2005Rating: N/A
Votes: 0
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| | Thursday, January 26, 2006 - 11:02 am: |
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ok so we have passed the .618 Fib level at 5550. Next level worth watching is .789 retrace which is 6150, about 400 points away from last nights close
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ann
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Username: ann
Post Number: 1070
Registered: 04-2004Rating: N/A
Votes: 0
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| | Thursday, January 26, 2006 - 05:48 pm: |
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Hi Userxx,
Thanks for your thoughts, may I add some of my own and a chart.
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userxx
Member
Username: userxx
Post Number: 33
Registered: 02-2005Rating: N/A
Votes: 0
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| | Sunday, January 29, 2006 - 09:04 am: |
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hi Ann, nice chart
Some more thoughts and this time on the Dax. It is approaching the 61.8 % retrace from its lows and I calculate this level to be at 5863. With the FTSE approaching the 78.9, the DAX the 61.8, they bear watching as to what happens if and when they overtake these possible resistance levels.
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ann
Member
Username: ann
Post Number: 1090
Registered: 04-2004Rating: N/A
Votes: 0
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| | Sunday, January 29, 2006 - 12:47 pm: |
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Thanks Userxx,
Let's have a look at the DAX chart shall we? This once again appears to have that early influence coming into play...
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