FTSE Outlook for 12th Jan 2009

Looks to me despite missing the projected drop to 4382 on Friday we might still see further downside on FTSE. A close below 4300 is likely to see the index drop down to 4076 and perhaps all the way down to 3914!

Friday's trading range was the narrowest of the last four days. A breakout in either direction could be biggish.

Here's a projected range for Monday's FTSE:

Projected High: 4,491.7 (43 points)
Projected Low: 4,388.7 (60 points)