I analyze macroeconomic issues from a fundamental perspective, and I analyze market behavior from a technical perspective. Original macroeconomic analysis can be found here and both macro analysis and commentary can be found on my Caps blog. If you like or appreciate my analysis, please add yourself to my Following List

Saturday, July 3, 2010

Uncle Bob

I had discussed the FTSE in a few posts over the last few months: A Trip Around the Globe IV: A Look at a Few International Indices and Bob's Your Uncle

And per yesterday's post, I was showing a lot of topping Formations on the US indices. Well Uncle Bob is not looking so hot either. Here was my last chart of the FTSE (Apr 30):

And here is how it looks today:

.... ouch.

TSX Charts for Kaz

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