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ISEQ- a technical question

  • 03-02-2012 9:38pm
    #1
    Voltex
    Registered Users, Registered Users 2 Posts: 1,581 ✭✭✭


    Just a quick question for anyone who tends to follow the ISEQ.
    I believe that 3000 was a resistence level for the market..but where is the next one? I can see that from October 09 through to June 10 3500 seemed to be it....but Im just guessing. Also..is there any correlation between the VIX and ISEQ?


Comments

  • #2
    later12
    Closed Accounts Posts: 11,299 ✭✭✭✭later12


    Yeah,arguably 3,000 was a resistance level for the ISEQ,but I'm not quite sure we have decidedly broken the ceiling.

    In light of the central bank growth forecast, European growth figures, and their impact upon perceptions of fair values, there could well still be a sell-off.

    There's too much uncertainty; we are in unchartered territory and so the historical chart is of very questionable relevance right now.

    But I'm going to suggest that 3.25k is going to be another important breach. and if we get past that point, 3.5k will be the resistance level from there on, provided the economy continues to grow and nothing untoward happens with regard to European growth.


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