Monday, January 26, 2009

FTSE Outlook for 27th Jan 2009


FTSE put in a rather sharp bounce on Monday.  Typically, such sharp bounces seem to be followed by a reversal the following day.  So I'll stick my neck out and root for a reversal Tuesday though there could be an initial attempt to carry on with the bounce.

Range Projection:

Possible High: 4,310 (101 points)

Possible Low: 4,124 (85 points)

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