| |
Major Site Upgrade in Progress |
 |
|
 |
|
Nadeem
Veteran Investor
Joined: 11 Jul 2004
Posts: 639
Cash Points ££ 13955.74
|
|
|
 |
|
 |
|
 Posted: Sat Dec 30, 2006 5:24 am Post subject: FTSE 100 Index stock market forecast for 2007 |
 |
|
|
 |
|
 |
|
|
|
|
The FTSE ended 2006 at 6220.80, up about 11% for the year and up 90% from the 2003 low.
A recap of the FTSE trend during 2006 before the forecast for 2007 - The FTSE started 2006 at 5,618, after having already built on 2 good years so expectations were starting to slacken with many commentators suggesting that the FTSE could decline during 2006. Our forecast at the start of the year was for the FTSE 100 index to rise to 6000 by the end of 2006, so a 3% deviation from the actual year end close.
The FTSE initially rallied much more strongly than expected during Jan to April 06, due to a fall in money market interest rates, which took the FTSE Into overbought territory. This was highlighted in the forecast of 30th April 06, which suggested that the FTSE was headed from 6133 to 5600 over the next 5-6 months. The FTSE decline did occur to below 5500, when the pattern observed during late June 06 was that the FTSE was attempting to make an ABC bottom, as the FTSE had fulfilled its downside target in price terms. Given the sharp decline the trend to October was no longer clear-cut at that point (FTSE 5684).
On 12th Sept 06, at FTSE 5850, I forecast that the FTSE is likely to continue trending higher and to break the prev high of 6135 by end December 2006. The forecast of 17th October 2006, with FTSE at a 5 year high of 6172, called for the FTSE to continue to rise to a target peak of 6280, the actual high made for the FTSE for 2006 was 6272. The forecast of 11th Nov 06, (FTSE 6232) called for the FTSE to have a significant correction with a target of 5850. The FTSE fell from 6232 to 5985 over the next 3 weeks. And the final general stock market forecast of 17th December 2006, (FTSE 6220) was for a sharp drop starting January 2007, with prices expected to be supported into the year end.
In the final analysis, 2006 proved to be a relatively good year in forecasting terms, the market basically did what was expected of it, without any real surprises.
FTSE 100 Index Forecast for 2007
Full article and forecast at http://www.marketoracle.co.uk/Article188.html |
|
|
|
|
|
|
|
|
|
|
Quinn
Saving Enthusiast
Joined: 06 Feb 2005
Posts: 181
Cash Points ££ 2817.02
|
|
|
|
|
|
|
| Posted: Sat Dec 30, 2006 5:12 pm Post subject: |
|
|
|
|
|
|
|
|
|
|
Nadeem, if you don't mind Ive copied your actual forecast below -
Putting it all together - I expect the FTSE to start a correction in January that will take the FTSE down to 6000. If 6000 fails to hold, despite the solid support in the area, then the FTSE targets a move to 5800. The time frame for such a move is by March 2007. From there, the FTSE should find support, and make a base during the next 2 months, before trending higher again to New Highs ! How high could the FTSE go by year end. Well the high for the year could even breach 7000 !. And the year end price may be around 100 points lower so around 5900. This represents an advance of about 9.5% for the year.
Personally, I think 2007 will be much more choppy as the market has had 3 good years, and thus 2007 could be a down year. I don't know where it will close but I would be surprised if its anywhere near 7000 ! |
|
|
|
|
|
|
|
Victor
Beginning Saver
Joined: 05 Aug 2006
Posts: 35
Cash Points ££ 1077.84
|
|
|
|
|
|
|
| Posted: Tue Jan 02, 2007 3:40 am Post subject: |
|
|
|
|
|
|
|
|
|
|
I look forward to your forecast being right as I am belately piling into stocks.
Come on post some stock picks everyone !
I missed bloody BT !
Don't want to miss the boat on any others. |
|
|
|
|
|
|
|
Wade
Saving Enthusiast
Joined: 17 Feb 2005
Posts: 185
Cash Points ££ 2569.94
|
|
|
|
|
|
|
| Posted: Fri Jan 05, 2007 6:01 am Post subject: |
|
|
|
|
|
|
|
|
|
|
| Increasingly I am coming to the view that the FTSE is headed lower, it failed to hold above 6300, which suggests that you may be right on a sell off |
|
|
|
|
|
|
|
Roberts
Beginning Saver
Joined: 06 Jan 2007
Posts: 25
Cash Points ££ 464.36
|
|
|
|
|
|
|
| Posted: Sat Jan 06, 2007 5:52 pm Post subject: |
|
|
|
|
|
|
|
|
|
|
| Victor wrote: | I look forward to your forecast being right as I am belately piling into stocks.
Come on post some stock picks everyone !
I missed bloody BT !
Don't want to miss the boat on any others. |
Me too !
I am just gearing up to getting a stocks and shares ISA and would love to buy in at low prices just after the stock market has fallen |
|
|
|
|
|
|
 |
Online Finance Tools & Calculators |
 |
| Credit Score Calculator |
Easy to use online Credit Scoring tool - Calculate your credit score now online for FREE ! using the Moneyforums.co.uk credit scoring tool. Also TEN Tips on improving and mainting a good credit rating ! |
|
| Quick Health Calculator |
Easy to use quick health calculator to help you get started on the path to fitness. Calculates your body mass index (BMI). |
|
| "When will I die ?" Calculator |
Calculate when will you die based on your current life style and then more importantly what you can do about extending your lifespan ! |
|
| Mortgage Calculator |
Easy to use online Mortgage calculator tool - Calculate how long it will take to pay off your mortgage and what your monthly repayments will be as well as interest charged per month per each year. |
|
| Savings Calculator |
Use the flexible savings calculator to estimate the amount of interest you would earn given a level of monthly savings, with many optional settings. |
|
| UK Tax Calculator |
Check your tax and NI liability using this easy to use online tool. Outputs, Tax, Ni, Net pay and gross pay on an annual, monthly and weekly basis, also estimates your tax burden and the number of days a year you work for the tax man ! Plus lots of tax saving tips. |
|
|
 |
|
 |
|
Money
Forums Guides |
|
| Credit
Card Stoozing |
The
following guide explains the basics of credit
card stoozing in a step by step basis. |
|
| Discount
Vouchers |
Online
discount vouchers giving upto
50% off in stores such as Dixons,
Tesco, Avon, Currys, Boden and more. Many
of the vouchers are time limited - So check
back regularly |
|
| Money
Saving Guide |
Guide
to saving money on household bills & personal
finances - Start saving thousands of £'s
every year TODAY ! |
|
| Savings
Tree |
A
guide to Savings Accounts, from Cash ISA's to
Regular Savers to Premium Bonds, all explained
in an easy to understand manner. |
|
|
Users
Groups | Profile
| Messages
| FAQ | Sponsers
& Links | Member
list | Recommend this site | Top Money Saving Sitee
© 2004 - 2007 Moneyforums.co.uk / Market Oracle Ltd - Asserts copyright on all topics & posts made on this site. Moneyforums are open forums, and thus posts are NOT endorsed by Moneyforums.co.uk / Market Oracle Ltd . Any and all information provided within the Website is for general information purposes only and nor is or shall be deemed to constitute, financial or other advice. We recommend that independent professional advice is obtained before you purchase any product and/or service. All tools and guides are provided as is for general information purposes only.
|
 |
Website Designed and Mantained by Walsoft.net |
 |
| |
