The FTSE sold off sharply on November 26th after the small panic out of Dubai. While we did not know what the catalst would be for the cycle turn date the turn played out a day early(The 27th of November was our short term cycle date for a down turn). Please understand while we do not expect it to bounce much higher from here it is possible, however, a move much more than the highs is not likely. Should the FTSE fall from here it will have support at the 5000 level.
Courtesy of www.InTheMoneystocks.com
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