Thanks Farsight and VoltaireI was thinking about a trade on the...

Thanks Farsight and Voltaire

I was thinking about a trade on the FTSE tonight. I have an order in @ 5790 and am aiming for 5800 myself.

Light Crude is rising fast. 71.10 atm. Im long.

Farsight how much do you rely on the RSI for signals. I used to use it heavily 6 years ago but changed my style a bit to more mechanical. I might start looking more closly again for interest and maybe develop a system to see if it enhances profitability.

I have a buy order on the spx @ 1259 with a sell @ 1268. Mmmmm. A punt.

For interest my Good ol A/D indicators have gone 'Green' (bullish) on EVERY sector today. The last time that happened was 2/6 - 6/6. 3 days only, then the next leg down. Before that it was green at the top. The XFJ is the most bullish. Is this another Trap? mmm. Well shall see when the US markets hit resistance.

And another Bullish signal for me is the 5 day Pivot point which is at 4955. We are way above it now amd its rising.

My Index system initiated a long @ 4955 on the XJO today with a stop 4955