Wednesday, August 5, 2009

FTSE Outlook for 6th August 2009

FTSE too seemingly has an appointment with the bears on the 10th of August. Perhaps I am overstating the case. But in any case, thanks to a timing line that falls on that date, I least expect a reaction. We have not yet reached the 270° target of 4725. Who knows, the price and time target may both materialise at the same time!

Projected High: 4,671.8848 (24.7549 points)
Projected Low: 4,605.8745 (41.2554 points)

Bullish above 4,659
Bearish below 4,634

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