Tuesday, January 13, 2009

FTSE Outlook for 14th Jan 2009

A few days ago, I had mentioned 4382 as a target for FTSE. Yesterday, we finally saw FTSE achieve and exceed that target.

With a changed factor setting of 0.5, we see the support levels at 90 degrees apart on the Square of Nine. FTSE is now close to a possible bounce point. I wouldn't be surprised if we see FTSE attempt a good bounce today.

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