Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Miners sell off push FTSE 100 to oversold

By Thierry Laduguie

29 September 2015 03:13

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Once again the BTI, a sentiment indicator, changed direction as the stock market is unable to close up or down for two consecutive days. Sentiment is bearish but the timing indicators are oversold and the wave count is nearly complete. Overall it’s bullish.

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Comments

ADVFNPrep85

29 September 2015, 05:16

Well, I have to congratulate you on your tip in relation to Glencore. Well done!
wildrides

29 September 2015, 05:40

Oh ……. Lad You Gooey . I have warned you before about paying attention to the Bullshite Truculation Index and how many times the queen has waved from the royal carriage . Its all bollocks this charting ……. witch craft and jiggery pokery . Some resource stocks are going up and some down . Ive made 100% from a resource stock in the last couple of months . I wont tell you who , I wont even tell Malcolm my tips now , because Tom will get to hear and he will wade into it like a pig in mud and feck up my my plans of mice and men . The rise has no reason you see . No RNS ,nothing , zero , zilch ,zippo . Its just sentiment and momentum that’s all . Its madder than a box of frogs and you cant account for it with your charty bullshit nonsense . No one has spotted it so far on this site and the moment Tom does he will shred it better than a very shredded thingy . These shares are out there , week in ,week out and all it takes is monster sized watch lists and endless dedication of an evening to spot them . Even you could do it Gooey ……..but being French I doubt you would stick at it and find enough diligent traction . Malcolm does it , day in day out . Do you think Malcolm tells us his shares that are doing well ………. no way . All we get to hear about are his portfolio shite that needs a little boost , a helping hand . Thats because much of it is momentum and he knows Tom would trash it on the fundies in five minutes and wipe him out with a sentiment reversal . Tom is the star ………… but you need to keep him in the dark on momentum trades . For he will shine the light , a light so bright that traders wilt and melt . “Icarus flew too near the sun ,and into the blue his red wax did run “ (Calvert) . For the long investor tho “Tom is the God” .Ignore him at your peril , because your portfolio will be smited verily indeed .