FYI | Mar 23 2010
By Rudi Filapek-Vandyck
Investors shouldn't be surprised if equity indices start displaying some weakness in the sessions ahead. Not only is there a growing group of traders and market commentators who wish to see a so-called “healthy pull back” -so investors can again whet their buying appetite- but also the past months have shown a rather predictable pattern.
Were this pattern to remain intact, we should see global equities pull back into the first week of April, and then move back up again to reach a higher peak sometime in the second or third week, and then the next pull back should occur.
If you think that's all a bit too much predictability: this is exactly what has been happening month after month after month since the share market rally genuinely took off in mid-last year. Technical market analysts at Barclays Capital put the pattern in a chart this morning, and it really says it all.
