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Friday, August 3, 2012
FTSE Trading Report - 3 August 2012
No solid news came out of the FOMC meeting or the ECB meeting and we have seen another failure at new market highs. There may not be any solid news after today until Sept/Nov which means the rest of August is vulnerable to investors taking profits on this recent rise we have been seeing since June. I would expect to see the market to drop back to 5550 in the next few weeks.
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