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Saturday's free share tip on UK-Analyst is from Steven Mayne of Mayne Financial

540 Days ago (2010-08-14 21:50:09)

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Where next for the FTSE?

A special report from Steven Mayne of Mayne Financial

With sharp falls on London's blue chip index on Wednesday certain traders are now calling for the top of the bear market rally and they are saying we should expect a prolonged sell off. Some argue that it's a natural correction at the start of any uptrend and is now a standout buying opportunity, but who is right?

As the market has now moved beneath the closely watched 200 day simple move average it has now moved from a positive to neutral price trend it leaves the next move in doubt. Mixed signals from the momentum indicators also cloud the view, suggesting a move back down to 5,000 is as possible to as move back to 5,400, leaving short traders who missed the last sell signal on the sidelines and long speculators licking their wounds.

Many professional short term trader will tell you patience is the most important quality of a successful CFD or Equity trader, just wait for the clear signals, concentrate on following the trend, control your risk and sensibly manage your trading funds and you'll have an excellent chance to profit from any market conditions.

Steven Mayne, Director of Mayne Financial, is offering UK-Analyst.com subscribers a free month's trial of his daily index and equity analysis which highlight buy and sell signals on the FTSE 100, blue chip equities and the Dow Jones. T1ps.com viewers will already be very familiar with Steven as a guest analyst on four seasons of Trading Places, but he also regularly appears on financial news channels and frequently writes in the national investment press where his views on the short term moves in the market are highly valued. Don't miss this opportunity to get his research first. To access Mayne Financial click here.

Trading Contracts for Differences (CFDs), Futures and spread betting carries a high level of risk to your capital, and is not suitable for all investors. Only speculate with money you can afford to lose. Trading or placing any bets can result in consumers incurring liabilities in excess of their initial stake. Please ensure you fully understand the risks, and seek independent advice if necessary. Mayne Financial is a trading name of Equitrade Markets Ltd, a company authorised and regulated by the Financial Services Authority for the conduct of investment business in shares, spread betting, CFDs, futures. options and rolling spot foreign exchange.