FTSE - So where is the support

Still bullish on the markets - no reason for sell off imminent - January is often a good month for stock markets. New money coming in.. World economy is strong, and looks likely to be driven by strong grwoth in India and China, valuations arent stretched. FTSE has particularly cheap valuations BP for example is on single figure price to earnings. Look at the Dow and FTSE, long term graphs for the last 70 or so years the indexes are up massively - indeed the history of stock markets is they trend upwards - There will be a time to short but for now let the trend be the friend..