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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Sunday, 29 August 2010

ftse250

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2 comments:

  1. DOA30 August 2010 at 22:35

    looks pretty dire, but I would gamble to say that the FTSE never breaks 9200. Your charts clearly show that we are in a 4th wave (ABCDE), with the 5 wave up to commence sometime around early September. The daily chart looks quite impulsive with 4 clear waves thus far. Of course, the City of London has been at this manipulation thing a lot longer than the USA, thus their charts always look "better".

    P3 will be after the election sometime, or whatever large down wave you are anticipating.

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  2. Chartrambler31 August 2010 at 11:55

    Hi DOA..this the 250 medium cap index rather than the ftse 100..........not sure about manipulation but I feel UK growth will slow sharply when public spending cuts start to filter through soon and this market is floating on air imo

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