Astrology fascinated some of the most brilliant minds of the past. They included Galileo and Kepler. Today some lesser lights devote much effort and time to technical analysis of the Stock Market. In both cases, people are fascinated by the challenge of discovering meanings hidden in numerical sequences as observed in the sky or charts of the stock market. And […]
Last analysis of FTSE was invalidated by downwards movement. I had expected to see a long extended fifth wave following a fourth wave barrier triangle, but the fifth wave was very brief and was over already.Click on charts to enlarge.The bigger picture sees FTSE in a huge correction for a super cycle wave (II).Super cycle wave (II) may be either […]
Get Forex buy/sell signals directly to your email and by SMS.To learn more click hereThe FTSE tried to rally during the session on Monday, but could not keep the gains and ended up forming a negative candle. We still have plenty of support down near the 6700 level though, so we are bit hesitant to start selling. On the other […]
Price continues to move higher, but the breakout is unconvincing. A new high above 6,865.86 would be required to provide confirmation of this trend change at intermediate degree.The target for upwards movement is now 7,345. Click on charts to enlarge.This main wave count expects that FTSE remains within a huge super cycle expanded flat correction. My alternate idea would be […]
There was a time when cash was king, but it lost its crown in March 2009 when the Bank of England slashed base rates to 0.5%.If you had saved £10,000 in cash five years ago, and earned an average return of 2% a year, your money would have grown to just £11,041.At that rate of return, cash can’t guarantee you […]
Price moved lower as expected. The target was 6,486. Downwards movement reached 6,500 two days ago and has since moved higher. However, a new high above 6,865.86 would be required to provide confirmation of this trend change at intermediate degree.The target for upwards movement is now 7,352. Click on charts to enlarge.This main wave count expects that FTSE remains within […]
“Fat Finger” or just more “High Freaks”? At 1110ET, the FTSE100 futures contract (representing the most liquid vehicle for trading the broadest UK stock market) suddenly rocketed up 1.3% on huge volume… and then, just as remarkably, Nanex shows, most of that price exuberance returned to normal within 10 seconds… Doesn’t look like a fat finger order to us? with […]
Loud and proud. Boohoo.com makes extensive use of social media. Photograph: boohoo.comThe clamour to invest in fashion website Boohoo.com put a rocket under its share price when it floated on Friday, with the fast-growing fashion website finishing the day with a market value of £840m, nipping at the heels of established FTSE 250 retailers such as Ted Baker and Debenhams.Shares […]
FTSE 100 over the last three months. Photograph: Thomson ReutersAnyone returning to the City tomorrow morning after four days of solitude in a cave might not suspect the last few days had been quite so dramatic.The FTSE 100 has raced ahead today to close up 115 points at 6823, a rise of 1.7%. That more than wipes out yesterday’s 101-point […]
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By AAP | 24.12.2013 07:44 PM
European stock markets have eased at the start of trading.London’s benchmark FTSE 100 index fell 0.1 per cent to 6,672.22 points […]
