This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
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.
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
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".
ReplyDeleteP3 will be after the election sometime, or whatever large down wave you are anticipating.
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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