Long-term view

[PokerBrat]

What do people think about this chart:

https://trade.cityindexweb.com/Mark...400015136&CU=en-GB&CUID=69&chartWindow=71442&

Taking a long-term view, the rally looks very overbought, but I don't see much resistance until 5500.

PS: If the chart is not showing weekly, change it in the right hand bottom corner, otherwise it won't make any sense. And then use the zoom out icon to get the whole chart into the window.

 

[whitto]

i'm quite new to all this. i think you have a point here. i'm constantly looking to short the fste at the moment as it does look overbought but i might change tac on this the strength of this.

 

[PokerBrat]

Lots of people are getting their fingers burnt trying to call the top and short the market. The reality is that we are in a huge bull leg that is showing no signs of slowing down yet. I am buying the dips aggressively at the moment, but I have that congestion zone marked on my chart which is where I will start scaling back my positions.