Week Beginning 13/02/2012.

Value 12801.23

The market spent the majority of this week gradually making new highs, but failing to hold at these levels by the end of each day. Indeed end of day market movements were very low whilst the intraday swings were significantly larger. This all suggests that market momentum has been exhausted and the sizeable fall in prices at the end of the week potentially confirms this.

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Week Beginning 06/02/2012.

Value 12862.23

The bulls are still very much in control of the market at present, although the feeling is that the bears are waiting in the shadows with baited breath. Volume has been gradually decreasing signifying an increasing number of market participants waiting to see what happens next. When the move occurs, it is likely to be significant.

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Week Beginning 30/01/2012.

Value 12660.46

As anticipated at the beginning of the year, the market finally reached and then surpassed its recent high on 3^rd Mat 2011 of 12840. However the market failed to hold above this level at the close of the day and by the end of the week has slipped back nearly 200 points.

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Week Beginning 23/01/2012.

Value 12720.48

The market finally managed the bullish move it has been threatening to make since the beginning of the year, breaking through the previously discussed resistance levels and heading back to the highs obtained last year.

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Week Beginning 16/01/2012.

Value 12422.06

Although volume is still relatively subdued, the market finally begin to gain in value this week. The resistance levels mentioned previously are still making it difficult for the market to reach its potential, however with the gradual return to normal trading it is only a matter of time before the market begins to test the recent highs again.

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Week Beginning 09/01/2012.

Value 12359.92

With the volume relatively low in the market this week (as expected due to the holiday hangover period), the market has been unable to push through the two key resistance levels identified in last weeks analysis, despite flirting with both.

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Week Beginning 03/01/2012.

Value 12217.56

The market looks set to start the new year in a much more positive light than it ended 2011. The double top that had been threatening to form throughout much of the end of last year is now but a distant memory and instead there is the very real possibility of the market testing recent highs.

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Week Beginning 11/07/2011.

Value 12657.20

Volatility reduced in the market this week with volume also down relative to recent levels. This suggests that many market participants are waiting to see what happens next, a difficult question to answer given then continuing uncertainties surrounding macroeconomic events.

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Week Beginning 05/07/2011.

Value 12582.77

The market made substantial gains every day this week quickly forming a double bottom pattern that predicted a 300 point rise from the confirmation mid-Wednesday that eventually lead to the market rising nearly 650 points during the week.

This volatility has been apparent in the market for several weeks now and shows no sign of abating any time soon. With the continuing macroeconomic situation being extremely unstable, wild swings in the markets value will continue making risk calculations ever more important.

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Week Beginning 27/06/2011.

Value 11934.58

Volatility continued to be the major feature in the market this week. Despite a spirited attempt by the bulls to push the market back into the previous trading range, they only succeeded in holding the market above 12200 for a short period. With the market closing close to the weeks lows, there is renewed concern as to the underlying level of weakness in the market and it will be important to see whether the bulls rescue the market once again should it approach the months low at 11865.

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