The FTSE is down another 2.5% today? With all the bad news around like North Korea considering war with South Korea, and the Euro crisis, it fees like 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%!