Guys,
I was thinking, some of us were expecting a “xmas rally” this year, with forecastes and midia also sinalizing the moviment UP..
More than ONE week to xmas, the stores are doing SALE of 70% to get costumers. If xmas, IMO, is one of the dates which people spend more money. I was thinking a bit more long-term, meaning 3 – 5 months, where the FTSE is going to be, 3500 again?
When I look a chart, with a long time frame I see a “basing moviment” between 4500/4600 and 3900/3800 and I dont see any odd in favor for a trend strong enough to break into resistence, everything looks so bad, if now no one is spending money now, what about a january and february, the worst time of a year?
If I would say something I`d say we are going even more deeper.
What do you think?