Sunday, July 12, 2009

FTSE Outlook for 13th July 2009

FTSE is now very close to achieving out 180 degree line target of 4091. Question now is will it bounce from there or will it carry on further down. I confess to being pretty bearish and would not be surprised to see the index heading for the 270 degree line (read the index values off the degree lines towards the far right of the chart).

Projected High: 4,143.83 (16.66 points)
Projected Low: 4,106.84 (20.33 points)

Bullish above 4,137
Bearish below 4,116

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