FTSE

its best to stay out of new longs until a 123 low has formed on the ftse 100

Technical confirmation of a bear market is a 20% drop in the index.(Although fwiw it could be argued we were in bear market sine june/july 15??)
We got that on the ftse 100 today when we fell below 5700 today. possibly another 20% from here??

Ftse looking extremely bullish, weekly closed abv 7000, now i want to see monthly confirm abv...

Here is the yearly chart as it takeaway all the noise... i posted this chart up on here abt 2 years ago....

notice the points and the fib ratio's.

any pullback to 6980/6960 (6830 stops, initially to give breathing space n scale it up) need to buy em for multi month and possible to end of year swing....

also see short term bottoming action in gold and oil, so should help ftse jack up.




dl.dropboxusercontent.com/u/40497882/FTS...B%29March%202015.png


regards, WS

wow - im suprised no mention of ftse abv 7000 today

Play what you see Cynic. Ignore the noise. After all that's what charts are for, leave the fundamentals to one side.

Greece action is just temp volility, think many will be shocked how high the markets will rise over the next year or so.....

New job , means less time to spend here, will try to put up some charts...

Btfd...ws