Wednesday, May 6, 2009

An Alternate View

The above following interpretation of the action in the FTSE jumped out at me, so I thought it would be a good idea to show it. Wave B is a running triangle in this count, and wave C is complete. This would mean a substantial correction is imminent in the FTSE. I don't think this count is the most likely, rather it is more likely that the FTSE is in wave iii of 3 of A.

Food for thought.

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