FTSE Chart

Discussion in 'Technical Analysis' started by OpenSource, Sep 28, 2008.

  1. See some of the charts attached on FTSE. It's been moving in a channel and at 61.8% retracement, the index could fall another few hundred points. Any thoughts?
  2. Johno


    I don't normally post predictions, as my opinion, depending on what the market tells me, can change at any time, but as the FTSE turned during fridays session and I am now net long this time I will. So at this stage, I don't think it has 100s of points to the bear side and expect it to be moving up at least in the near future. Keep in mind that I've been wrong many times in the past and expect to repeat this in the future. By the way I never use price charts and technical indicators.