Tuesday, May 27, 2008 6:10:39 PM
RE UK ZZ Targets AMBER status
The UK and US markets generally align reasonably well over time.
More recently however we've tended to see quite a bit more volatility in the UK
There is also some evidence of a potential re-convergence between the two markets, with the UK recently entering a William Cringan's Zigzag Targets AMBER status (pending red) whilst the US (Dow) remains in neutral gray following the most recent green status. So it would appear more likely that the UK is due to fall back modestly.
For Tom and others who have UK ETF's, start looking for the flip to a ZZ top (red), perhaps in the interim postponing any UK based AIM indicated buys whilst trading any UK AIM indicated sales.
The UK and US markets generally align reasonably well over time.
More recently however we've tended to see quite a bit more volatility in the UK
There is also some evidence of a potential re-convergence between the two markets, with the UK recently entering a William Cringan's Zigzag Targets AMBER status (pending red) whilst the US (Dow) remains in neutral gray following the most recent green status. So it would appear more likely that the UK is due to fall back modestly.
For Tom and others who have UK ETF's, start looking for the flip to a ZZ top (red), perhaps in the interim postponing any UK based AIM indicated buys whilst trading any UK AIM indicated sales.
Stocks/Bonds/Managed Futures
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