Tuesday, 25 May 2010
is this capitulation?
On the other hand red line on the chart on the right shows the bull/bear/bull market. We have only just fallen below the 200 day moving average - suggesting a prolonged period of falling FTSE or else a big bounce.
However, no bounce is very bad news as it could mean the end of the QE Bull market and either a long period of stagnation or another bear market being born. not good for the savers who piled out of 0.5% savings and into shares.
I have no insight to offer in such a volatile market. Suffice to say my 30% profits on the year are down to 5%!