extreme caution 4000 being tested on FTSE....

[#1]

we will not just simply go through in one go...

[john_1]

took the words out of my mouth..this first go was just a stop loss raid me thinks

[topgun]

Meatloaf...

[timba]

Hmmm, i thought there would have been more selling after we broke 4000....or am i being impatient

[john_1]

well then lets hope this thing moves 'like a bat out of hell 2"

[JohnnyCash]

4000 going to be resistence now and we've gone into lunch-mode. no action till 15h00 it seems. ftse broke 4000 pretty convincingly mind you.

[#7]

4000 to be tested again today?

[_nova]

If not today, then probably by Thursday when US data is out but definitely by Friday when a slew of data is out for JPY, GBP, EUR and USD. US initial claims consensus is for 560k but rumours in the FX market calls for a surprise in the high 900k or even 1 bar (and that me maties, will set the cat among the pigeons). But then it just a rumour yet. Locally, anyone seen the article on Nissan slating ABSA? When a corporate the size of Nissan starts having trouble with getting credit you know the game's up. I think the credit crunch is finally starting to arrive here properly. 'Ole Trevor's wrong, we will not escape recession, and a probable socialist economic policy post election will guarantee that whatever entrepreneurship we have left will be strangled. Smart money won't suffer the fools in the sacp.