Tradefair & Financials
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Especially if there is no concrete result on May 5th. I'm selling off slowly or at least cutting stocks in half to minimize trouble ahead.
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There was clearly a significant sell off recently if you look at the data.
The sellers will be looking to get back in at lower levels if they're still bullish. If the usual support levels are breached then we might get a good drop and if an obvious bottom is seen it will start picking up towards the election. I'm hopeful that will be the case. Percentage wise, it's all against the FTSE going back up quickly now with that very recent action in the background. It's never cast in stone what it will do, but you can only work on what you see as it happens. |
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'by significant sell off'....you mean in the last 2 days....
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No Howdi,
The significant selling was on the 20,23,24. It had got to drop after that. |
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Cheers. H
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Agree with Crippen, time to sell. FTSE 6,855
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Sell in May and Go away may be truer than ever with this election looming.
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The weakness I mention six weeks will have detered many investors. Now the recent weakness two three days ago has precipitated the mark down today.
Just look at the trading on 5 - 6 May. Prices marked up during the day to catch buyers and trigger short sellers stops. Then hammered down late in the day to lock them in. Today's falls are simply a result of that. It'll take high volume to stop it now. |
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^^High volume on a down day that is.
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