Annual Forecast on FTSE 100 (2013)

The outlook on the FTSE 100 (LSE:UKX) remains bullish. The bulls have been in power for a long period, and would continue to be in power. This fact is nothing strange: a coffin that has spent 3 years in a grave is no longer a stranger to the grave.

On the chart the ADX period 14 and the MACD default parameters are used. The ADX line is going almost above the level 30, while its DM+ is far above DM- (meaning bullish pressure). The MACD signal line and histogram are far above the zero line; with the signal line being far above the zero line. There is a bullish Confirmation Pattern on the chart. So irrespective of the current market situation, the price is expected to trend upwards this year. The market bias is also determined by fundamental figures. Since this is no longer something new, prices move according to the results of fundamentals. One thing that is of a great use is reliable fundamental expectations. These reveal cogent data including other relevant information.

This article is ended with the quote below:

“… Because traders and investors deal with uncertainty in every trade, our decision-making biases and processes can either make us or break us as traders!” – D.R. Barton, Jr

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

Follow @ItuGlobal

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

WHAT IS ADVFN?

ADVFN covers all things stock market.

From the news and opinion pieces on pages like this to share discussion forums, charting tools, financials, live share prices and Level 2, order book data

If you trade or invest ADVFN has the tools you need to make the right decisions.

• 

  101 Ways to Pick Stock Market Winners

  You need the number one bestselling investment guide, the definitive text for day traders, investors and stock pickers.

• 

  The Death of Wealth

  Dissecting the global economy and the financial markets, the book lays out the evidence for the next economic game changer: the Death of Wealth.

• 

  Neil Woodfine

• 

  Igor Kuchma

• 

  Luca Rossi

• 

  Mary Ann Callahan