Have I found the perfect FTSE sell signal?

The charts suggest the FTSE 100 is on the verge of making a major move. John C Burford plots its course.

In yesterday's Sunday Times, I spotted an article headed: "I was scared of shares but I've just had to get over it".

It relates how a young woman finally became so frustrated by receiving so little interest on her savings that she has now overcome her fears of the stockmarket and taken the plunge. It took her over five years to reach this momentous decision and the FTSE increased by more than 100% in that time!

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

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.