4200

The next key level 4200, has been violated, and unless the Chronic Investor have got it right with their 'Coppock' indicator, I think the rally is over and while the 'unseen hand' tries to keep the market aloft we may wobble around here for a few more days. thereafter I would expect to see some further drops and 4000 might be support.
More and more alarming stats are being trotted out each week and the media is doing a 'bang up' job of saying how great it is that the rate of disaster is slowing. House prices of course are constantly providing 'glimmers of hope' until you look at the real figures from the Land Registry. Imagine that- estate agents telling fibs about prices, or being elaborately over optimistic in a genial and charming way.
Currently sitting on my hands as my positions dictate no action.