The hope a bounce is fast dwindling. Unless FTSE moves up within a day or two, it is increasingly looking like it is destined to visit the 360 degree line at 3850. There could be further downside too but we'll worry about that as things develop. Interesting times lie ahead.The end of day chart for 20th Jan 2009 shows that FTSE has formed an "Inside Day."
If there are day-traders visiting this blog, please let me know if you'd be interested in an intraday chart.
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