FTSE Outlook for 26th Jan 2009

On Friday, at one point, it looked like FTSE will sink quite a bit. But as ever, the market always seems to do something other than your expectation. And so, it managed to close in the positive.

How does it look for Monday? Although I do not rule out further falls, there are a few things that seem to suggest we might be in for a bounce on Monday. Again, whether this will last and carry on is a question mark. I confess to being a bear by inclination and would be pleased to see FTSE drop to my target of 3850. But when it comes to trading, personal bias must be set aside.

Finally, here's an attempt at forecasting the trading range for Monday's FTSE:

Possible High: 4,118.65 (66 points)
Possible Low: 4,004.57 (48 points)