Ftse leading the way ?

The Ftse seems to have been a good lead indicator for some other matkets (although some European markets have been even weaker).The moving average trio refers to the 10,20 and 50 day ema's.Ron Walker(thechartpatterntrader.com) uses these to generate must buy and must sell signals on crosses.You will never miss a major move with this strategy but you will be whipsawed in rangebound markets.I suspect we may bounce from the 5200 support area and trade sideways before the next leg down.Mining stocks and capital gains tax fears are 2 negatives for FTSE.