Boring, boring, boring.

On 22 May the FTSE came withing 70 points of its all time high. It then dived by 13%. Next it recovered 78.6% of its the fall (a Fibonacci number). It's been trading in a 4% range since mid-July. Very boring. No money to be made. Very easy to lose. Best policy: stay away.

There is a long term support line that started life in May 2012. If the range gets broken on the downside this will become the line to watch.

It's so dull sitting on your hands. Best not to give into temptation though. Wait for a clear signal of one sort or another and sit on cash, or shares you really believe in.