Can the rally in the FTSE 100 continue?

The last time the rally in the FTSE 100 stalled, bullish sentiment was high - is history about to repeat itself? John C Burford examines the charts.

I have just returned from a very successful MoneyWeek Trader workshop and I hope everyone there had as much fun as I did. I was asked some very pertinent questions, and we discovered some revealing patterns on the live charts. Altogether, it was a great day!

While I was away, we saw an unrelenting rise in stock markets. This is a stark illustration of a theme that is at the heart of how markets work and how they turn.

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John is is a British-born lapsed PhD physicist, who previously worked for Nasa on the Mars exploration team. He is a former commodity trading advisor with the US Commodities Futures Trading Commission, and worked in a boutique futures house in California in the 1980s.

 

He was a partner in one of the first futures newsletter advisory services, based in Washington DC, specialising in pork bellies and currencies. John is primarily a chart-reading trader, having cut his trading teeth in the days before PCs.

 

As well as his work in the financial world, he has launched, run and sold several 'real' businesses producing 'real' products.