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And Back To 6000 Again!


anonguest
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Following up on my recent posting about the seeming 'attraction' of the FTSE 6000 level..... I note this morning the recent continued action that now increasingly seems to show that since late last year the FTSe appears to be at 6000 +/- 100-ish points. The only exception being the short lived/quickly recovered from panic spike down around the time of the peak Libya worries.

Wonder whether this 'consolidation' will eventually break upwards or downwards? Oh but for a time machine....... :lol:

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  • 3 weeks later...

Following up on my recent posting about the seeming 'attraction' of the FTSE 6000 level..... I note this morning the recent continued action that now increasingly seems to show that since late last year the FTSe appears to be at 6000 +/- 100-ish points. The only exception being the short lived/quickly recovered from panic spike down around the time of the peak Libya worries.

Wonder whether this 'consolidation' will eventually break upwards or downwards? Oh but for a time machine....... :lol:

This last post of mine was merely sharing a 'thinking out loud' type moment, rather than inviting replies comments.

After the last few days when, at least to my uneducated eyes, it appeared this 'pattern' was finally about to be broken end it snaps back up - as I write literally at the 6000 level. How many more months liek this I wonder?

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  • 2 weeks later...

How many more months liek this I wonder?

I don't think it can necessarily continue much longer. 6100 is a brick wall and 5800 appears to be strong resistance. One day the market will break one of the barriers and we will be off to the races. Personally I believe that will be the 5800 barier that goes, but of course could be wrong.

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