FTSE - So where is the support

Well, the chart certainly seems to point to more upside easytimes.

Looks uncomfortably high to me but I wouldn't like to try and guess the top. One thing I have learned from 'paper trading' the indices, is that you should follow the trend.......it certainly takes more than a day or two to spot a reversal.

Many see the current global economy as teetering on the edge of a collapse and I can easily see why. Either way, I think 2007 will be a defining year in this respect. The trouble is, that the global economy of today is far removed from that of past years/decades so really we are entering 'new territory' here. I really don't think that we can use the past to predict the future for the global economy.........it's a completely different landscape.

-That said......I do feel more bearish than bullish.