Weekly comment MM Prime TFI - October 19, 2015
After successful previous week on global stock markets the time for correction has come. On the plus side, growths from the previous week have been retained. Such a momentary markets cooldown can be helpful for next growths. But we can not exclude a scenario that recent increases were only a correction within a downward trend. In that case investors should be prepared for further declines. The direction of the breakout of the consolidations made on major indices last week should be the quickest hint. Nevertheless, we can forget about higher growths until individual indices break out above September peaks. That move would create a double bottom pattern.