FTSE 100 daily trend 20081107

Kinnem

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FTSE 100 daily trend 20081107
 

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Given the HBOS uncertainty and my TA, Im inclined to short, but after the stupid moves on Friday (US unemployment result vs bargain hunters buying when they could buy at even lower prices), god knows.

Spread bettors are obviously thinking another rally is in order, looking at CMC and IG (they are 4420s), so I am really in two minds right now. Any thoughts?
 
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