An end day close below 5690 was a negative for the FTSE yesterday and the short term technicals are now negative. Today we have the MA 200 standing at 5654 and providing support (daily cash charts). It is from this area the majority of fund managers buy a bull market on pull backs. Therefore we will gain a good idea on whether the larger players currently see value in this market.
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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