Monday, August 10, 2009

FTSE Outlook for 11th August 2009


At one point, it looked like FTSE would shed serious points today. It didn't. But we ended up with a "Hanging Man" candlestick right at the timing line (open to correction re. the candlestick). This could be the signal of bearish times to come.

Projected High: 4,726.8804 (4.6802 points)
Projected Low: 4,684.0903 (38.1099 points)

Bullish above 4,734
Bearish below 4,710

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