I started this thread on ADVFN, but have received no posts, rather confirming that everyone's left. If you'll forgive me from copying here, I'd like to find out if there are any "Techies" here, and perhaps even any who use MetaStock?
My UK silver sub will expire in due course, so a decision on spending the money here is under consideration.
I thought it pertinent to ask whether Technical Analysts (with a longer time-scale than day-trading) believe the (UK) market is changing from "Trading Prices" to "Trending Prices". This is fundamental to many investors who use TA indicators as an aid.
Leading indicators are used in Trading Markets: Stochastic Oscillators and other "overbought/oversold" indicators.
Lagging indicators are used in Trending Markets: Moving Averages, MACD, etc.
Some of the indicators that may help determine the answer are: Chande Momentum Oscillator and MESA Sine Wave.
The influential private investor Peter Temple announced in the FT yesterday (Saturday) that he was close to fully invested, and this might be taken as an indicator that the fundamentalists believe the market has changed. Others have commented on the momentum entering the market.
I believe we are seeing the signs of a change to "trending", comments please.

glentimon,

I take your point about the longer time frame but you have to go back to May 1995 to see the FTSE at the levels it was in March last year. It has been up (with a lot of sideways) ever since.

I suppose you have to hang your hat at some stage otherwise you miss the boat and look back wishfully with harry hindsight.