Look back over the past, with its changing empires that rose and fell, and you can foresee the future too.

— Marcus Aurelius


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Friday, February 3, 2012

FTSE almost to 1st target

As pointed out in previous post chart here  the FTSE has almost made it the 1st objective at 5915, though we may get a little pop higher to 5960.

Looking at the chart below we can see previous resistance at the 5916-5960 level so expecting some sort of correction from there.

If we burst through that then 6100 level comes into play. The April 2011 highs..

Weekly chart shows resistance at 6100 level (rectangular area)

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