Friday, 21 March 2014

FTSE peak expected in next 2 months


FTSE 6558 peaks in spring with a high due latest by 3rd week in May.

The recent high was 6866 on Monday 24 February.

So the market has a 5% upside target in the next 8 weeks.

Time to sell out would be latest on WEDNESDAY 21 MAY, if history holds true.

Historical highs for the last 10 years......imply a low on average 51 days later on the....
THURSDAY 31 JULY.

Sector Date Day High Low When Days
201322 May WED 6875 6023 24 June 23
201214 Mar WED 5989 5230 01 June 57
201103 May TUE 6104 4791 09 Aug 70
201016 Apr THU 5834 4790 01 July 54
200907 May THU 4512 4096 13 July 47
200819 May MON 6377 5071 16 July 42
200721 May MON 6675 6038 10 Aug 59
200621 Apr FRI 6137 5467 13 Jun 37
200504 Mar FRI 5042 4964 01 Jun 62
200423 Apr FRI 4602 4297 20 July 62

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