Dont short the FTSE100, just for the first RSI 70 crossover!

 

A First overBought RSI, is never sufficient justification for shorts.

Below is 6 successive cross overs on a monthly chart from 2005 at 5375, till the peak at the end of 2007 at 6800’s some 2.5 years and 1400 plus points later.

http://www.slideshare.net/FrancisHuntTheMarket?utm_campaign=profiletracking&utm_medium=sssite&utm_source=ssslideview

2016-08-17_09-21-24 monthly

 

MultiTimeframe analysis, cross asset analysis, price patterns.

Don’t confuse the markets with the state of the economy or the collectives mood.

Warm Wishes

Francis