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The FTSE fell during the course of the week, testing the 6700 level. This of course is an area that has been supportive and resistive time and time again, so the fact that we bounced from there isn’t that big of a surprise. The market has a nice upward grind to it, and as a result we like going long only. We are looking for some type of supportive candle in order to do so, but we may have to look on shorter time frame charts in order to be able to start buying.
