Wednesday, 28 December 2011

FTSE needs to close above 5600

FTSE 100 gave a Long term sell signal at 5800 in August 2011. Only 5 consecutive days above 5600 will change the long term signal. The move up from 5075 on Friday 25 November has taken 20 trading days to reach 5512. Time is running out for the short term Bull move, with a possible top around 5633 due between 3-9 Jan 2012.

No comments:

Post a Comment