Friday, 23 March 2012

FTSE

FTSE broke the 10x1 line (coloured red) so is in a weak position now.We met a measured move target (wavers would say A=C) and got a false break (or Pinocchio) pattern which is effectively a double top.The Gann 90 day/ 900 point square also seems to have been effective.Lets see if the bear angles start to define a new downtrend.


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