Quote Originally Posted by ;
quote The FTSE 100 has met a resistance level of mine to the weekly tf in 7,800. Where it might continue to come another 500 points roughly down. It is still supported beyond, and however that I wouldn't like to say at the moment. It could be though as though it does fall back from this level into 7,300 or so in which there is plenty of support, there isn't any guaranteeing that it may get back to where it is now that it has peaked.
I have been anticipating the FTSE 100 to come back and kiss 7000, but perhaps it won't make that retrace. The EZ and US markets are picking up, particularly the EZ. That will push it through 8000 if we see a few expansion in China in a month. If you have a look at the flag shown on a 25-year (?) Chart the FTSE 100 has just busted resistance.

FTSE 100 firms are mainly global gamers, so the condition of the UK economic advantage is reflected more in the 250 or 350 indices.