Dubai in the news for the wrong reason. This little paradise in the desert is not the real cause of the latest sell off. The banks and institutions are the real culprits. They are telling us to sell because they'll buy low.
This is not common knowledge, however, I believe that banks scared investors days before one of the most profitable months of the year, December.
In fact some banks have been buying big chunks of stocks last week, they know the market will rally, can't wait for Santa Claus to arrive!
There is no secret. even if you are not a bank, a simple observation of the FTSE 100 chart reveals potential profits in the next few weeks, see chart.
Of course there is no certainty the FTSE 100 will rally but the odds favour the bulls: the long term trend is up, fundamentals are strong, the pull back retraced a bit more that the famous 61.8% Fibonacci retracement of the preceding decline, we have a completed Elliott wave (counter trend), seasonal influence is positive and the BTI, a unique sentiment indicator, is about to turn bullish.
To learn more go to www.eyield.co.uk
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