Wednesday, August 12, 2009

FTSE Outlook for 13th August 2009


A frustrating day for the bears! Just when it looked like the bears were beginning to steer the ship their way, FTSE goes and mounts a strong rally! But will this fight-back last? I have my doubts. The bears will be back pretty soon and the indices will continue their downward journey.

Projected High: 4,765.0791 (48.3193 points)
Projected Low: 4,674.2295 (42.5303 points)

Bullish above 4,728
Bearish below 4,704

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