FTSE100, nice bounce today

Stavros_3

FTSE down today by 21 or so points, my shares up 29p, oh I love my fund manager, so far my exposure to UK equities from January are up 31%.

a7man

Stavros wrote: »

FTSE down today by 21 or so points, my shares up 29p, oh I love my fund manager, so far my exposure to UK equities from January are up 31%.

What fund are you investing in!? Or do you use a discretionary fund manager?

tradetime

Bounce may well be at an end already, Asia down over night, it seems to me the markets distrust the Obama administration's ability to tackle the financial and economic crisis, Geitner talks a lot about needing to be decisive and move swiftly and forcefully,.....and then appears to do very little leading to a growing feeling he is out of his depth. Unless there is some sign of action, rather than talk out of this administration, then I think it is likely the market will act, with about another 10-15% drop.

1984ReturnsForReal_2

Bounce may well be at an end already, Asia down over night, it seems to me the markets distrust the Obama administration's ability to tackle the financial and economic crisis.
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Its uncontrollable. Get used to it for the next few months.

tradetime

1984ReturnsForReal wrote: »

Its uncontrollable. Get used to it for the next few months.

Suits me, direction is immaterial, just so long as it moves.

1984ReturnsForReal_2

tradetime wrote: »

Suits me, direction is immaterial, just so long as it moves.

Wish I had some money to play with..

:mad:

Stavros_3

a7man wrote: »

What fund are you investing in!? Or do you use a discretionary fund manager?

I have a discretionary fund manager. My capital is spread far and wide across funds, fixed rates, and equities.

StevieJ

tradetime wrote: »

Yep close at the highs, significant increase in volume, although a lot of that will be short covering, hard to tell how much is new buying. Good breadth with 13 stocks up for every 1 down. We did break out of the down channel that has been in place since early last month, slight resistance in the mid 720's then the real test will be if we can close above the November lows again at 742, could be an interesting week after all.

Funny I did short the gap ahead of the open, got blew out of that pretty quick :eek:

Edging towards 742

tradetime

Yes it's a creeper, volume is horrible though, way off recent levels, which suggests it's more down to an absence of active sellers, than anyreal buyers. Perhaps if we can get above 742 will bring in sone buying interest

Stavros_3

fingers crossed eh