Sunday, 10 July 2011

Week beginning 11th July

I think this week is likely to be a week of consolidation in a fierce uptrend, and we could well have a small pullback on the indices, as sometimes required to allow further gains.

I don't see a considerable amount of upside and i will start to short the FTSE if we see 6060 again.  I think we are likely to trade sideways for summer, perhaps 6150 to 5900 and i will long or short accordingly unless the world changes.

So the plan this week is to short into any rallies.

With that in mind i've set a short order 6060, perhaps it will get there overnight or early in the FTSE session.

Order = short at 6060, 0.6 * base stake

No comments:

Post a Comment