FTSE Triple Top? versus "This is a bull market you know!"

Discussion in 'Technical Analysis' started by HarryHindsight, May 4, 2014.

  1. Hi,

    Doing a quick roundup of the daily charts - the one that caught my eye was FTSE futures

    6800 ... genuine resistance or just a temporary road block?
     
  2. Its a bull market you know;
    its also a very old, very extended.bull market . It may get more extended :D
    That's NOT a prediction
     
  3. It also appears to be forming a wedge and from my experience, the upward sloping wedge usually precedes a sharp drop.
     
  4. Well fair enough - 6800 hasn't been smashed yet and the FTSE is in pretty bad shape.
    We're all rich!
     
  5. In pretty bad shape??;
    i'll take your word for that.It may in better shape than [a ]AIG, BAC[c] C, which is really a penny stock @45.00 , [actually $4.50]cause they reverse split it 10 times.LOL, but true