FTSE’s Ominous Yield Similarities w/ 2007

by Ashraf Laidi

Aug 19, 2013 17:17

The latest chart patterns from the FTSE-100 may suggest a potential repeat of the double-top formation of 2007, which was followed by a 49% decline. This month's peak of 6,696 was a failed attempt to retake this year's high of 6,875. The failure, three months apart, bears signs of the double top from July 2007 and October 2007. See chart & analysis

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