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.
Posted by R. Craig Pritchard at 6:19 PM