Quick thoughts on FTSE.I am not around much today to update charts etc but with FTSE at 5325 just wanted to say it is looking like C of ABC correction (or E of triangle or whatever it is) may be ending and the next leg down might be upon us soon.September seasonality is usually poor.A decent reversal day today (or tomorrow,)would be an important trigger I think.Much of the oversold nature has been unwound and we should retest the lows at least.Today is the 8th trading day from the low
Wednesday, 31 August 2011
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