Hi all...Just looked at the charts again. Since the last blog post, the support target box has worked a treat!I even went Long at 4918 after the bounce with stoploss at 4895... and running it.However, there seems to be a slightly mixed picture and 5020 is the key to sorting it out.If 5020 IS taken out, it is very very likely that the 4898 low is not to be broken.If 5020 IS NOT broken soon, the alternative view is one more dip bellow 4898 and then a strong bullish rally.At the moment, FTSE is being quoted at 5018 after the Dow rallied hard after the european close...so it is looking very very good, but thought I would let you know that there does seem to be a possibility for one more small dip bellow 4898.Either way, yours truely is still feeling BULLISH and expecting a strong bounce...hopefully sooner rather than later, but we shall see.
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