posted by Trader No 1 on Mar 31
All those wise heads who have been calling the end of the bear market will have to wait just a little longer before being able to say “I told you so” as the FTSE 100 delivers a rather alarming setback to start the week.
Once again the failure of the of the FTSE at the all important combination point of the 50 day moving average and the line of Resistance at 3,950 dating back from January 2009 means that the wise ones amongst us would be best served to give this market the benefit of the doubt……just But for those who would still like to, only an end of day close below the grey 20 day moving average at 3,758 is the trigger for a retest of the lows.
