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The good the bad and the ugly.
(From FT Investor (Stories))
LONDON (FT.com) - Analysing the major stock index charts is like trying to see which one of several mangy dogs has the most fleas.
My vote for the mangiest dog currently goes to the Frankfurt Xetra DAX , thanks to its 67 per cent fall since March 2000. For sheer pace of decline this index outstrips even the Nikkei 225, currently down over three-quarters from its peak, but having taken a leisurely 13 years to get there.
In comparison, the FTSE 100 looks like a sleek Crufts dog show winner, down a mere 45 per cent since its peak at the start of 2000.
But sideways glances at markets in an even worse state cannot hide the negative chart outlook on London's senior index. However, at least there are glimmers of short-term support.
The good bits
The July 24 lows just above 3,600 on the FTSE 100 have so far survived one retest in late September (coincidentally also the 24th).
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