I think you're potentially seeing things ..thats a very loose H&S if you ask me and when you say due to the pending scottish vote. Surely this decline is due to the fact that the FTSE has been banging its head against a wall of resistance for half a dozen times in the last year now which has absolutely nothing to do with the scottish vote.
At least, thats how I see it. We of course all see things differently
Now that's much better. and if you left out the needless comment on scottish votes and the incorrect assumption that the AIM and 100 are that strongly correlated it would be spot on. AIM has been in a down trend for months, whereas the FTSE has been pushing with higher lows all the time. What makes you think that a push up will bring the 100 up with it now given that it hasn't all this time in the past?
Stick with the technical analysis if i were you
then why attribute a rise in the AIM to the FTSE. At the moment its inversely correlated which kind of made the comment moot. It seems as though you're looking for reasons why something might happen.
Scottish votes, AIM going up, wallstreet rallying because of whatever. whats that got to do with your FTSE analysis? I'm a bit lost.
Charts are like a chess board, they give you all the potential outcomes available. Hence TA is a subjective science
Its up to the trader to inculcate FA(news flow, sentiment + prevailing bias in the market ) & inter-market analysis as explained by John Murphy(FX,commods, bonds & equities) to reduce the noise and work out the next direction in the market
At present we have 3 exogenous variables
3. Scottish vote
A trader must react & adjust his bias accordingly this week