10/12/2012

FTSE is on edge for a break on downside soon as it looks now

FTSE 2 hr now.

FTSE trend is down. A cross of the 8 and 21 MA will happen in a few hours time. The lower line at 5.880.50 is a very important S point. If broken and held below the line the risk is big for a trend change to down.

FTSE day now.

It seems like the final top has been seen and that a strong break on downside could occur this week. Watch up and follow the 2 hour chart.
Last news from FT says the UK will go back to recession again for the third time.


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