Index: FTSE All Share
Short Term Trend
Last indicator = SELL @ 2986 Level on 28/5/1999.
Trend Still down.
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 28/5/99 is still in place.
2. The Index has penetrated the 200 Day MA, which may portray further falls.
Long Term Trend
Observations
1. Long term uptrend started in 1982, and is now 18 years into its upswing.
2. In 1995 a new trend channel commenced, with the index now at the mid-level.
Valuations are historically high and may, of course, go even higher.
Conclusion
The downtrend signaled @ 28/5/1999 continues, although the index may be approaching a BUY signal.
Either await the e-mail alert and indicator change or start accumulating at this level.
Remember: This Index could fall by 40% and still be in its long term
uptrend.
