Warning against Shorting the FTSE100 on Bloomberg

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

By | 2016-08-18T13:07:52+00:00 August 18th, 2016|FTSE100, Uncategorized|Comments Off on Warning against Shorting the FTSE100 on Bloomberg

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