Incidentally my reasons for the trade- DOW hit pivot level R1 and prompttly retraced, and the F hit R2 for the second time- curious coincidence that R1 is at 3900 on my chart.
Thursday, 26 February 2009
Fingers Crossed
Nasdaq has turned negative and FTSE futures have dropped well below the 3900 key level -the cash is still 6 points above. I have to think that LLOY up 30% today will mean profit taking tomorrow as people probably don't want to be holding bank shares over the weekend. Funny though how the £multi billion losses at RBS caused the market to scoot up-the city really believes that's a good result!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment