FTSE dropped last week as we expected though it fell short of the target by about 30 points. A good bounce followed. But we are back at a point where the index might encounter resistance (around 5165). If it blasts through 5165 upwards, 5220 might be a potential target. With the situation being a bit unclear, best to wait and see what the market's intentions are.
Sunday, November 8, 2009
FTSE Outlook week commencing 09 Nov 09
FTSE dropped last week as we expected though it fell short of the target by about 30 points. A good bounce followed. But we are back at a point where the index might encounter resistance (around 5165). If it blasts through 5165 upwards, 5220 might be a potential target. With the situation being a bit unclear, best to wait and see what the market's intentions are.
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