Mar 16 2016 @ 12:45
On the Daily chart the pattern since January appears to be an expanded flat [a,b,c (circle)] for wave 2. The reason I mention this pattern is because the FTSE 100 has been trading in a tight range (sideways) since the peak at 6216. Well, if that level marked the end of the rally the FTSE […]
Mar 03 2016 @ 05:03
Sentiment is bullish but the 13-day BTI became overbought twice on 26 February and 1 March, the FTSE 100 has yet to pullback. When the 13-day BTI is overbought there is a high probability the FTSE will pullback. This time it will be more than a pullback because the structure of the rally is complete, […]
Jan 21 2016 @ 06:10
After yesterday’s sell off, the FTSE 100 is now in the midst of a crash. I use the word crash when the indicators are oversold but the FTSE continues to fall. These indicators have been developed for normal markets, but here we are not in a normal market. When the 13-day BTI and Top 20 […]
Jan 15 2016 @ 06:09
Markets FTSE 100 Indicators are mostly bearish and the Elliott wave is wave iii (circle) down. Wave ii (circle) ended at 6314.5, the index should not return to that level. The decline has resumed with wave iii (circle) in five waves [(i),(ii),(iii),(iv),(v)]. Sentiment is bearish and wave (i) is over, the index is now bouncing […]
Dec 11 2015 @ 08:08
FTSE 100 Indicators are mostly bearish and the Elliott wave is wave iii (circle) down. Wave 3 of a long term five-wave decline [i,ii,iii,iv,v (circle)] started from 6447.5. Seasonal influence is positive and the S&P is still in the uptrend, but sentiment has turned bearish and the 13-period MA has crossed below the 55-period MA […]
Nov 26 2015 @ 06:23
Gold Indicators are mostly bearish and the Elliott wave is wave 5 down. Gold rallied to 1081 to complete wave (e) inside wave 4, the downtrend has resumed wave 5 is the next move. Wave 4 was a running triangle [(a),(b), (c),(d),(e)]. The DMI’s +DI line has crossed below the -DI line and the 13-period […]
Nov 12 2015 @ 09:41
Sentiment as measured by the BTI turned bearish after last week US nonfarm payroll report. The increase in nonfarm payrolls was a surprise given that economic activity is slowing in other parts of the world. The behaviour of mining, banks and oil stocks is telling us to be cautious, these stocks dropped sharply as investors […]
Oct 22 2015 @ 04:19
The FTSE 100 has not yet resumed its decline but it is also struggling to extend its current rally above 6400. The rally from the September low is in five waves, a pullback is the more likely scenario in the short term. We have had some mixed economic data coming from China and the US. […]
Sep 04 2015 @ 03:20
The 13-day BTI, a timing indicator, is no longer oversold which means the FTSE is not oversold and there is now potential for a large fall. Today the Chinese stock market is closed and the FTSE is down, this time the influence is coming from Japan where stocks are down 3%. The real influence is […]
Aug 25 2015 @ 04:22
Yesterday’s decline was the largest so far. When a crash is underway nothing will stop it. Even when the indicators are oversold the market will go down and the indicators will become more oversold. For those who were not around in 2000 and 2007, this is what a bear market looks like. The decline is […]
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