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Nadeem Walayat Financial Markets Analysiis and Trend Forecasts

UK FTSE 100 Stock Market Index in Trouble, Further Collapse Warning

Stock-Markets / UK Stock Market Jun 26, 2010 - 04:25 PM GMT

By: Robert_McHugh_PhD

Stock-Markets

Best Financial Markets Analysis ArticleLondon's FTSE is in deep trouble. New Developments in the Bearish case this week are that the FTSE is forming a Bearish Flag pattern, and has nearly completed the Flag portion of this pattern. Flags fly at half mast in this pattern, meaning the depth of the decline that led into the flag will be the same as the depth of the decline from the flag. This gives a downside target of 4,300ish.


Also new and dangerous is the development where the 50 day moving average has now crossed under the 200 day moving average. This is very bad and means there is a high probability that the FTSE is headed much lower for an extended period of time.

The Daily MACD is curling over and very close to generating a new sell signal. Its histograms are shrinking and close to going negative which would trigger a new sell signal. The Daily Full Stochastics are on a sell signal.

The FTSE is about to sell off sharply.

In our Expanded Weekend Market Newsletters to subscribers at www.technicalindicatorindex.com, both the International and U.S. reports, we discuss if the coming decline in the FTSE will spread to other major stock indices globally.

Check out our June Specials, good through Sunday, June 6th, 2010, including a fabulous 13 month offering, only $259, a little under $20 a month, or 2 years for only $459 at www.technicalindicatorindex.com. We added a 3 months for $89 budget friendly deal this week.

If you would like to follow us as we analyze precious metals, mining stocks, and major stock market indices around the globe, you can get a Free 30 day trial subscription by going to www.technicalindicatorindex.com and clicking on the Free Trial button at the upper right of the home page. We prepare daily and expanded weekend reports, and also offer mid-day market updates 3 to 4 times a week for our subscribers.

“Jesus said to them, “I am the bread of life; he who comes to Me
shall not hunger, and he who believes in Me shall never thirst.
For I have come down from heaven,
For this is the will of My Father, that everyone who beholds
the Son and believes in Him, may have eternal life;
and I Myself will raise him up on the last day.”

John 6: 35, 38, 40

by Robert McHugh, Ph.D.  
technicalindicatorindex.com

Robert McHugh Ph.D. is President and CEO of Main Line Investors, Inc., a registered investment advisor in the Commonwealth of Pennsylvania, and can be reached at www.technicalindicatorindex.com.

The statements, opinions, buy and sell signals, and analyses presented in this newsletter are provided as a general information and education service only. Opinions, estimates, buy and sell signals, and probabilities expressed herein constitute the judgment of the author as of the date indicated and are subject to change without notice. Nothing contained in this newsletter is intended to be, nor shall it be construed as, investment advice, nor is it to be relied upon in making any investment or other decision. Prior to making any investment decision, you are advised to consult with your broker, investment advisor or other appropriate tax or financial professional to determine the suitability of any investment. Neither Main Line Investors, Inc. nor Robert D. McHugh, Jr., Ph.D. Editor shall be responsible or have any liability for investment decisions based upon, or the results obtained from, the information provided. Copyright 2008, Main Line Investors, Inc. All Rights Reserved.

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