FTSE 100 - Bear or Bull?

Are you a bull or bear for next week

  • I'm a bull

    Votes: 6 24.0%
  • I'm a bear

    Votes: 19 76.0%

  • Total voters
    25

barjon

Legendary member
10,705 1,809
Hi all,

I was struck by a SUNSEEKER comment on his DOW thread where he said that his only worry about his bearish outlook was that everyone seemed bearish. He went on to say that the market had a habit of disappointing the majority.

So, are you a bull or a bear for next week so far as the ftse 100 is concerned? Vote now - no sitting on the fence allowed! For this first week you have 'til Monday evening to vote

You never know, we might create our own contrarian indicator.

Good trading

jon
 

FTSE Beater

Experienced member
1,518 5
Hi Barjon

I'm going for neither - Sorry if that means sitting on the fence :eek:

This is my take on the chart

ukx06-07-03.GIF


It looks like the trendline has now gone, and with a tight range on Friday (due to independence day) a break one way or the other could be significant. Having said that 4050 area is very congested :(

All IMHO
 

Car Key Boi

Well-known member
396 8
i'm a bear, not coz of what i'm see on a chart

but because the American economy is in the crapper right now... hell even some guys i know who work for the State of California are worried about getting paid next week or even if they're gonna have a job!

it used to be written in stone that if yuo worked for the State of Cali, that was a job for life. Not anymore...

in spite of the numerous Fed interest rate cuts, the US economy has not responded in kind. Greenspan is doing his best to fight deflation, but lets face facts, he's running outta ammo....

so i think the Dow and the SP500 are gonna start heading south, so obviously i think the FTSE will follow....but not as bad
 

barjon

Legendary member
10,705 1,809
ftsebeater,

I agree with your take, but if you really had to go one way or the other.............. go-on jump (or maybe wait 'til Monday night!)

good trading

jon
 

eminem

Active member
185 1
Tis on a bit of a knife edge at the mo, but if I had to pick a side I think it would be down mainly due to some of the facts noted by CKB. Fed lowering interest rates, where next with that line of attack/defence??? Interest rates will end up at zero, what do you do to stimulate an economy at that point? The market has rallied 20% or so (Dow) and in that time how different is the economy from when the Dow was 7500? I haven't seen many compnaies coming out with numbers or comments which suggest increases of 20% in revenues/earnings over the last few months. PE's are still relatively high and don't refelect the current fragile state of the economy IMO.

Although my comments are centred on the US that is the driver for our markets too, the FTSE hasn't got a mind of its own, wherever the Dow goes the FTSE follows.
 

bonsai

Veteren member
4,106 11
Oh dear, I hate these questions. They are so simplistic.
er..
ooh er...
er....

Down.
but I'm gonna vote up on the Dow competition.

hit 4050 and then fail ?
new low then up ?
but by next Friday?
 

barjon

Legendary member
10,705 1,809
CKB,eminem

yeah, ok, but we're talking for next week (even some bears think there's a bit of upside to come first). we've one bull so far and there is a contrary argument to say that Bush will do everything to kick start the economy to help re-election. Also financial levers are slow in effect like stopping an oil tanker - Greenspan has lit the blue touch paper and retired to a safe distance to watch the fireworks (maybe!!).

Also in UK only 39 quoted companies issued profit warnings last quarter, only half the first quarter total and the lowest since data has been compiled (1998).

Not making a case for the bulls, just some balance.

good trading

jon
 

FTSE Beater

Experienced member
1,518 5
Hi Barjon

Ok, I'll say long based on a small ascending triangle with a tight bar on Friday. I don't like saying one way or another, but sitting on the fence was starting to hurt :rolleyes:

Hi CKB and Eminem

I agree with you on what your saying, but these are longer term influences and I can't see them taking effect in the next week - This is not to say you could be correct.

Oops looks like I'm back on the fence again :rolleyes:
 

Car Key Boi

Well-known member
396 8
sorry guys, i thought the question was in regard to the next few months or so, not the coming week

therefore yuo can disregard one of the bear votes :) i'm gonna sit on the fence for this one, although if yuo were to put a gun to my head i would still say DOWN ;)
 

kevin546

Established member
699 0
I am expecting a bounce off the underside of the channel line but everyone will be aware of this level so we maybe kept guessing for a while. Obviously if it gets strength from here and moves back inside the channel this may just have been a tester and we could then see the trend continue.

But I think we will see a further retracement before 3600 is reached to continue the trend, otherwise the markets are in the poo.

But what do I know. LOL

Kevin
 

kevin546

Established member
699 0
opps did not realise you were talking about the week I was thinking longer but would have to favour down at the moment another vote to be knocked off the bears.
 

eminem

Active member
185 1
Barjon/ FTSEBeater

Yeah must admit I was thinking longer term for my post. For next week then, some upside potential but I think it may well be limited - still think there would be less risk in a short.
 

lockstock

Well-known member
400 4
A hard one to call for the week. Just been looking at July over the last 4 years & it has been a bearish month, with only 2000 escaping in tact.
 

Attachments

  • ftse-100 1999.jpg
    ftse-100 1999.jpg
    178.1 KB · Views: 430
 
AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock