Has anyone any thoughts on the bigger picture on FTSE?
My own analysis leads me to believe that in the shorter term,
we will trade 4300 and 3920, but not neccessarily in that order, and in the longer term , we will trade 3200.
Back in February when it seemed that we might witness a real crash there were no shortage of pundits predicting where the FTSE might go. I spoke with acquaintances who work for ANL, one a stock picker for the companies various portfolios and one in corporate bonds. Both had been briefed to expect the FTSE to be nearer 2900 by March/April 2004. I dont know if that is still the view.