Index: FTA Europe EX UK
Short Term Trend
Last indicator = SELL @ 302 on 17/9/1999.
Trend still down - Since signal date by 2%.
Guides:
Black = Index showing BUY/SELL Arrows
Red
= 100 Day Moving Average
Blue
= 200 Day Moving Average
Magenta = Trend Channel
Observations
1. The sell indicator of 17//9/1999 is still in place.
2. The index needs to hold support line at 298 level.
3. The increased frequency of indicators suggests uncertainty of direction at present.
Long Term Trend
Observations
1. The downtrend signaled at 17/9/1999 continues.
2. The index sits midway within the up trend which commenced in 1995, although the short term down trend since July '98 needs to be penetrated.
Conclusion
1. Await the penetration of the resistance line at 305 OR await the
e-mail alert confirmation of a new buy signal.
