{"id":113,"date":"2010-02-11T16:23:16","date_gmt":"2010-02-11T15:23:16","guid":{"rendered":"http:\/\/www.futurestechs.co.uk\/blog\/?p=113"},"modified":"2010-02-11T16:23:16","modified_gmt":"2010-02-11T15:23:16","slug":"technical-analysis-of-equity-markets-pullbacks","status":"publish","type":"post","link":"https:\/\/www.futurestechs.co.uk\/news\/2010\/02\/11\/technical-analysis-of-equity-markets-pullbacks\/","title":{"rendered":"Technical Analysis of Equity Markets – Pullbacks"},"content":{"rendered":"

In Brief: All I keep hearing at the moment is how we will have a 10% correction, so, let\u2019s have a look:<\/span><\/span><\/p>\n

The \u201cfunnymentalist\u201d community, particularly Stateside, seem pretty happy with the idea that this pullback will be a \u201cnormal\u201d affair and will pull back 10% from the January highs, at which point you can happily pile in, buy the dip, and carry on where we left off… <\/span><\/span><\/p>\n

I thought it would be useful to know where this level is on the markets we watch. So here goes, and we\u2019re looking at the Cash Indexes here, NOT the Futures: <\/span><\/span><\/p>\n

Dow:<\/span><\/span><\/strong> High was 10730. 10% pullback level is 9657 (currently 10023) <\/span><\/span><\/p>\n

S&P 500:<\/span><\/span><\/strong> High was 1150, pullback level is 1035 (at 1065 right now)<\/span><\/span><\/p>\n

NASDAQ<\/span><\/span><\/strong>: High was 1897, pullback level is 1707 (1743 now)<\/span><\/span><\/p>\n

DAX<\/span><\/span><\/strong>: 6094 was the January high, 10% off that is 5485. \u00a0BROKEN<\/span><\/strong><\/span><\/span><\/p>\n

FTSE<\/span><\/span><\/strong>: 5600 high, 5040 is 10% pullback. 5033 was last week\u2019s low, so holding…<\/span><\/strong><\/span><\/span><\/p>\n

Eurostoxx:<\/span><\/span><\/strong> Pulled back from 3044. 10% back from here is 2740. BROKEN<\/span><\/strong><\/span><\/span><\/p>\n

CAC: <\/span><\/span><\/strong>high was 4088, so 10% back from there is 3680, BROKEN. <\/span><\/strong><\/span><\/span><\/p>\n

So to summarise, \u00a0if anyone stateside says to you about 10% pullbacks the simple thing to say is \u201cthanks, but we\u2019re already beyond that!\u201d… especially if\/when the FTSE breaks 5030-40. <\/span><\/span><\/p>\n

\n

Keep safe in these markets.<\/p>\n","protected":false},"excerpt":{"rendered":"

In Brief: All I keep hearing at the moment is how we will have a 10% correction, so, let\u2019s have a look:
\nThe \u201cfunnymentalist\u201d community, particularly Stateside, seem pretty happy with the idea that this pullback will be a \u201cnormal\u201d affair and will pull back 10% from the January highs, at which point you can happily …<\/p>\n

Read more<\/a><\/p>","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[71,72,92,93,94,97,112,121,134,152,156,172,173,174,210,211,213,215,220,225,227,235,236,240,339,376,387,399,400,436,437,445,674,495],"class_list":["post-113","post","type-post","status-publish","format-standard","hentry","category-commentary","tag-cac","tag-cac-40","tag-cfd","tag-cfd-analysis","tag-cfd-trading","tag-cfds","tag-clive-lambert","tag-corrections","tag-dax","tag-dow","tag-dow-jones","tag-eurostoxx","tag-eurostoxx-50","tag-eurostoxx-50-futures","tag-ftse-100","tag-ftse-100-analysis","tag-ftse-100-trading","tag-ftse-analysis","tag-ftse-futures","tag-ftse-technical-analysis-reports","tag-future-tech","tag-futurestech","tag-futurestechs","tag-futuretechs","tag-nasdaq","tag-pullback","tag-retracements","tag-sp","tag-sp-500","tag-spread-bet","tag-spread-bet-analysis","tag-spread-betting","tag-technical-analysis","tag-technical-analysis-reports"],"_links":{"self":[{"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/posts\/113","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/comments?post=113"}],"version-history":[{"count":0,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/posts\/113\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/media?parent=113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/categories?post=113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/tags?post=113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}