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Has My Dip Started Already?

Posted on the 14 March 2015 by Andyepb

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Has my dip started already?

Has my dip started already?
The index has stayed below the 20-day moving average for a week now, so it is looking increasingly likely that my peak pattern will not complete. Stretching a point, if the FTSE were to bounce 150 points on Monday, I suppose I could say it was just about intact, but I am wondering if the decline I had forecast the pattern to presage has started already. I opened a minimum stake up bet at 6,770 which, (amazingly) is still running, having survived a 200+ point dip on the Dow, and I could have closed out at a slight profit on Thursday morning, but it was looking like we might get a quick rebound at that point so I held out for more. The conspirators are adamant that my peak pattern will complete this time and I will make my fortune on the subsequent downturn, but they have said that sort of thing many times before and I am trying to be objective about what the chart says.


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