I bought shares at 73.70 this morning after making a 10% profit on AGQ, not sure how to play it out at the min it's -2.89% might wait and play it out of it gets to -5.0% think I will see, can anyone recommend anyone's column to read up on and follow
it is a self fullfilling prophesy if you take sector rotation into account. The FTSE has since the lows of 09 been distorted by miners oils and Pharma. Rotate out of these and you will get a lower number until other sectors such as financials etc take up the slack. At this stage we are still looking at some growth globally so there will be a limit as to how much further commods will probably fall as there will be limit as to how much higher the dollar will be allowed to go before Granny Janet "clarifies" the Fed's position some more. The markets are looking for answers and leadership with the G20 summit on the horizon we may get some What we are seeing is a lack of liquidity an unintended consequence of regulator meddling in the capital markets.Earnings so far are ok so no real issues there and I think our banks should also be looking forwards to better days ahead.
Nearly back to 71 again. I know there are wider market issues this time but its gone up and down in this range for sometime. Someone must have made a lot of money. Unfortunately I've just watched the pattern!
I prefer not to refer to 'calling it'. I've never subscribed to the self congratulary back slapping that some people post, but occasionally I will post what I believe is relatively significant information about price direction.
These are not the crayons you're looking for......;)
Spooky ;) I'm waiting for the 'charts are useless' brigade....
This is a serious level for the FTSE and approximate mid point between a normal correction and a more serious correction which would take it to the edge of technical bear territory. If that were to happen then we could potentially kiss goodbye to 50%, and we could be back to 2009 levels.
That's easy to answer: They need a continuous supply of suckers to keep the myth alive. The entrance doors are wide open, with few visitors. The movie has ended and everyone is heading for the exits.....until QE, but then you can drink yourself sober....or so they say.
I see the FTSE was hovering around your call @ 6095 earlier. Your crayons are sharp. :)
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