Ftse bounced of trendline

dl.dropbox.com/u/4899609/ftse18thoct.jpg

This just bounced of the trend line perfectly this morning.
The first attempt rule did well on this.So would have made nice profit shorting.
If this heads towards this level again today i wont be shorting this as its already attempted that level
once today. If this breaks past that level this could really fly so that's another trade worth watching.
Theres always risks attached to trading the breakout but using stops would help you from bigger losses.
That trend line resistance is currently at the 5923 area. So i would be looking at going long past this level so maybe around 5933.







DYOR (do your own research)

remo

forgot to mention that there is resistance at 5932..
so best put the long above that level so maybe 5936.

dyor
remo

I'm not a fan of this particular pattern but is this not a double top? (If the chart doesn't print my apologies: struggling a bit with the buttons

OFF a CLIFF ??

screencast.com/t/zG7uudimXk

Apologies for posting the chart as a link but I still can't get to grips with posting an image from the icons above.

It appears we bounced off a short-term oblique support yesterday having first brokle through a medium term support. It will be interesting to see what happens over the next few days?

Nice chart Diver, do you think if we fail to bounce above the 5823 level it will be forced much lower?