Thursday, July 30, 2009

FTSE Outlook for 31st July 2009


Despite the strong close today, I am not moved. I will hang onto my bearish hat for FTSE for one more day! Please see chart for comments. I mention the fact that FTSE may have reached an earlier resistance level - the chart that shows that level is in this post FTSE resistance

Projected High: 4,688.8999 (57.2900 points)
Projected Low: 4,589.5698 (42.0400 points)

Bullish above 4,648.9785
Bearish below 4,614.2412

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