FTSE Outlook for 3rd March 2009

Monday was truly a magnificent day for shorting! My downside target of 3680 was comfortably exceeded (and with no complaints!). FTSE is now nearing the 360 degree line at 3541. Fairly sure we will achieve that. A bounce is likely from that level.

Upside Target : 3,898.18
Downside Target: 3,489.66

Bullish Above 3,656.31
Bearish Below 3,595.35