Wednesday, 2 January 2013

FTSE heading for 6000

FTSE looks like it will move above 6000. Target upside for 2013 is 6300. How long will it take for FTSE to break the FTSE 6100 level which was resisted 4 times in 2011. 6091 (6Jan), 6101 (17Feb), 6104 (3May) and 6084 (8July). Bears will need to see a Weekly close below 5600 in 2013 to see any move down to 5000. My target trading range for 2013 is 5500-6300




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