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Double dip fears

Well, a torrid day yesterday for the ftse with double dip fears reignited and the ftse closing at its lowest level for 10 months.

http://www.telegraph.co.uk/finance/newsbysector/epic/ftse100/7862235/FTSE-100-tumbles-to-new-low-for-the-year-as-double-dip-fears-hit-global-stock-markets.html

Could see an early doors bounce, but deteriorating again by 9am, and ending the day down overall. Futures indicate a positive open, having been below last night close overnight. Overnight low was 4868, bottom of 10 day channel is 4871 so bounced off that pretty well. Possible short opportunity at pivot 4961.

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