RE: Cynic - The Telegraph I think 20 Jul 2011 13:00
Looks like the current down is a bit of a fake unless there's been a really duff RNS. The recent high SHOULD have been 2.63 as opposed to 2.72 which was achieved. So... it is stronger than it looks.
I now show an overall target at 4.18 for the next major up movement.
Short term, there looks like a possibility of a buy in at 1.88 though it could sink as low as 1.7. Anything below that would ring alarm bells.
Funny story. I read recently that most wives kill their husbands by dismissing heart problems as just indigestion, then looking vaguelly surprised when the poor bloke flops over.
Transpires the story is accurate.
I'd a bit on an incident last Friday afternoon and found myself on the floor. Wife decided it was food poisoning (due to my own cooking efforts) and helped me to bed then left for work. When the emergency doctor was called the next morning as I was completely incapacitated and blood pressure going crazy, she was given quite a stern lecture. I was given a jag in the bum which did nothing except send me to sleep.
By Monday, my own GP was summoned who promptly renewed the lecture to my wife while he smugly diagnosed a 'middle ear' infection and gave another jag and some drugs. Four hours later, I was able to stand, by Tuesday I could walk, and today can see the funny side.
Just wish the same could be done for the market in general. I'm showing best potential for the FTSE in the short term of 5888 or so before the next drop. Surely someone, somewhere can give it a jag to get the markets moving again.