6000-6100 level for UK100

[jason]

Fellow traders;

Today, German sentiment gauge from the ZEW Center for European Economic Research advanced to 22.3 from 5.4 in February, more than double the median estimate of 10 forecast in a Bloomberg survey.
Today, U.S. retail sales probably rose 1.1 percent in February, economists said before a Commerce Department report
Today Federal Reserve meets to review monetary policy.

It is all good news for the global economy, are we going to see FTSE 100 fluctuating between 6000 and 6100???

[Ben]

I don't think so, not now anyway...
The markets are just rallying for no reason, some green numbers in the American announcements cant save the world!!! The Greek debts problems are not sorted out yet and don't forgt you have Portugal, Ireland, Spain and Italy as well. The Chinese economy is contracting........

[Nick]

I don't think so, not now anyway...
The markets are just rallying for no reason, some green numbers in the American announcements cant save the world!!! The Greek debts problems are not sorted out yet and don't forgt you have Portugal, Ireland, Spain and Italy as well. The Chinese economy is contracting........

I think the level will stay ranging between 5700 and 6000 for sometime. The outlook for me is barish though. I am still expecting some big big problems ahead in the Eurozone area...

[Ice Cube]

It's more likely to be 4000-4100!!! lol

[jason]

It's more likely to be 4000-4100!!! lol

Absolutely right mate. It doesn't upset me though, I am always happy as far as I'm making my money

[Ben]

Seems to me that FTSE100 won't breach 6000-6100 level this year.