Monday 16 September 2013

A new high. What now?

7 comments :

  1. Hi Bouraq. Back to the FTSE. Did it break through that bottom channel resistance today and where to you see it now? Regards

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  2. Today it stands at 6505. Not broken yet.

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  3. Would you be so kind as to tell me where the line the sand is for lower lows Thanks and my best to you

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  4. What do you mean by "line in the sand for lower lows"?

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  5. where will it finally breach the channels after having had four attempts

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  6. A chart is better than 1000 words. :) I showed the red line in my FTSE post. However that was a strange channel as I said there. There may be another channel in the making which is blue one. It is hypothetical though. So don't have a strong conviction if we fall below the red line it will continue rapidly. The line in the sand for the red support is 6500. Hope it helps.

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  7. It does indeed. Thank you very much

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