Hottentot, just as well talk about the ftse100 really, all boats etc.......... three failed attempts at the 7000 ~ not looking good , today's weak recovery, not convincing either...... don't want to be long here, looks like triple top to me, potentially a big one. So where are we heading.....? 50% fib 6350 ?
Standard Life's investment management arm will allow investors to withdraw money from its property fund again in October, having closed redemptions in July in an attempt to prevent a post-Brexit run on the fund. Standard Life Investments said the decision to reopen the fund reflected the fact the "commercial real estate market has stabilised" and it will allow investors to sell out of the fund from 17th October.
" What a difference a day makes " ---- was a good song way back when but not good for the likes of Aviva .Just goes to show how subjective technical indicators can be & usually are . Tumbling markets do no favours tho' , i'm afraid , to already " fragile " share recoveries !!! -- No excuses from me --- if the 440/41p had held i'd have been correct --- it hasn't held atm. and so taskmaster's lower levels may be seen . We do have recent support tho' now around the 430p marker so let's see it that holds !!! If the Ftse100 can hold above 6800 then everything has a chance !! --
Yes , some truth in what you say ---- but , personally, i don't see it as quite that negative !!! --- It can afford to consolidate to around 440/441p and still be in the current uptrend . Not actually overbought on the standard rsi , standing at around 67 atm . but starting to turn down tho' , as is the fast stochs. ---- No neg. divergence quite yet on macd but very close & top bollinger stands up at around 455p . 200 dma comes in around 437p & PA is well above that as well as the 12 & 26 dma's.----
So i don't see it as all that bad atm except for those low volumes that we both agree on ----- it probably will consolidate as we both suspect but as long as it holds onto that 440p level , then the games still on as i see it atm . !!! -- It'll probably drop like a stone on monday now (lol) ---- if it does you have my full attention !!!.
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