Wednesday, 26 December 2012

Ftse 393 pt ranges 144 days




We may be looking at a square of 144 trading days (12 squared) and 784 points (28 squared)


The measured move target is 6003 but resistance stretches from 50% of the 702 point range to 61.8% of that range. ie 5956  - 6038.The first time range is 73 days,which balances out 146 days from the low so clearly we are looking at 144 day cycle,divided into 2.




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