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Investment Line: Hide! The market is facing a double death cross
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Markets
by Charlie Parker on Jun 25, 2010 at 09:57
'As with the FTSE100, the 50 day and the 200 day moving averages are also close to crossing over and if the lower highs and lower lows continue to weigh down on sentiment we could well see further declines in equity markets.
'The price action over the next few days is likely to be quite important in this respect and probably not a little choppy, but long term momentum is starting to turn negative, and at best we could well have quite a long term period of sideways consolidation, if we don’t get falls in commodity prices and equity markets, which these indicators are suggesting we might.'
So there you have it, don't say you were not warned.
1 comment so far. Why not have your say?
an elder one
Jun 25, 2010 at 13:45
I'm begining to wonder if I'm looking up the same article each time; all previous commentary has disappeared again; you chaps have a problem.
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