Footsie Hits Three-Year Low On New Selling Wave ; Market Round-Up

Summary

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ANOTHER wave of selling saw shares slump to a three-year low in London today. Dealers warn the next test for the market will be the 5000 support level.

"Never catch a falling knife" is the mantra used by traders, who say the market could drop as low as 4800 in the next few weeks.

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Extract

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Footsie Hits Three-Year Low On New Selling Wave ; Market Round-Up

An early rally soon ran out of steam as worries about the parlous state of the US economy and banking system came back to haunt investors. Having rallied to 5210.1, the FTSE 1...

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