Archive for February, 2012

OK, I give up!

Mon, 13th Feb 2012 Leave a comment

Chart of FTSE-100 at 10th February 2012After more than a week the index is still bumping up against resistance at around 5915 and, after a slight dip on Friday, I feel it may well break through today. Consequently I have closed my bet at a 26 point loss (index at 5910). In the astronomically improbable event that my previous analysis was correct, and we get some sideways movement, I will have another go later on.

Categories: Betting

Resistance maintained…

Mon, 6th Feb 2012 Leave a comment

It’s been a flat day on the market so I’ve sold March FTSE at 5843 with a 100 point margin (index at 5890) in the expectation of a drop in the FTSE below 5800 in the next few days. It’s what the conspirators want me to do, and betting with them rarely succeeds, so I don’t hold out much hope for my recent analysis, but I’m going with it anyway.

Categories: Betting, Lunacy

Not quite to plan…

Sat, 4th Feb 2012 Leave a comment

Chart of FTSE-100 at 3rd February 2012We’ve had a dip below the 20 day moving average since my last post, as I predicted, but it was not preceded by the overshoot of the middle tramline so it wasn’t the big dip down to the lower tramline. I thought about buying, but the conspirators talked me out of it – shame! Looking back at previous rallies of this nature I am now expecting some sideways movement in the index for a few weeks, probably oscillating between 5900 and 5800. The FTSE has gained ground relative to the Dow in the last week meaning the Dow is still below 13000, struggling to break through its two year high, so some sideways movement could be expected there too. Due to this delay, the dip, when it does come, is likely to be smaller than I expected, probably around 350 points.

Categories: Betting, Lunacy