Sunday, November 1, 2009

FTSE Outlook week commencing 1 Nov 09

Hmmmmmm...news comes out that the US is "out of recession." How does the market greet that announcement? By dropping significantly!

FTSE could drop a bit more this week - probably about 100 points before it finds support around 4955. If it fails to stop there...the lower line of the brown channel will be waiting! Good luck with your trades.

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