Good morning
The FTSE is making new highs but its currently on the back of very low volume. See below.
Date Open High Low Close Volume Adj Close*
Dec 21, 2010 5,891.60 5,953.90 5,891.10 5,951.80 541,859,600 5,951.80
I expect decent decline after this over extended move and this may come in on the first trading week of the new year.
In the meantime the FTSE has a strong target at 5915 which will fill over the next few trading sessions. The FTSE is currently trading at 5953. Once this has been reached the FTSE may drift higher during the holiday period.
When I met Mark I was enormously impressed with his FTSE trading abilities, so much so that I decided to recommend him to my clients. John Piper
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