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FTSE recovers after eight consecutive day sell-off

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 15, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FTSE recovers after eight consecutive day sell-off by Brenda Kelly The fact that UK supermarkets are all trading higher this morning despite slumps in sales and loss of market share would indicate that we are in the midst of a relief rally following 8 days of consecutive losses and that logic and reason can be removed from the narrative for the time being. All three major supermarkets lost additional market share to Aldi and Lidl which saw sales growth +15.4% and 17.9% respectively. Yet shares

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