Thursday, August 13, 2009

FTSE Outlook for 14th August 2009

With FTSE closing above the 270° line, the case could be made for a continuing bullish outlook. I'd say, the index will probably attempt to cover the ground between here and the 360°. Do the bears have a chance - I think only if they force some serious selling around the present level.

Projected High: 4,809.3301 (53.8701 points)
Projected Low: 4,736.1099 (19.3501 points)

Bullish above 4,767
Bearish below 4,743


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