FTSE outlook

Discussion in 'Trading' started by mEmmerrr, Jan 13, 2009.

  1. mEmmerrr


    Not sure how many FTSE traders are on here, but any views on how low this retracement has got the legs for?

    Attached chart, its interesting how it got held up at support 1 at around 4430, today opened below but got bounced by support 2 at 4320 and not is loitering below support line 1, on the back of a VERY bullish candle. However it could be said this looks very similar to 4 days ago.

    Below here theres doesnt seem to be much support all the way down too the October lows....