Geofftv1

FTSE - Update

TVC:UKX   UK 100 Index
My post of 30th Sept suggested FTSE was taking the form of a leading diagonal .
The chart pattern since then adds more weight to this idea BUT the shape of the diagonal leaves open the
possibility of a more complex pattern developing.
Either way I expect that an initial low is close and possible targets for this are shown on the chart. At 6881
wave C of the 5th wave would equal wave A and this is very close to the previous major low.
Once the low is in watch out for a snapback rally!
Good Luck
Nice Chart Geoff
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PS - Just watched an interesting video from Jim Rogers on youtube which echos the thoughts that you and I share about the market.
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Geoff,

Congratulations
on your 3000" Reputation" on the site.

Well done mate.

THE_UNWIND
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Geofftv1 The_Unwind
@The_Unwind, Thanks, I hadn't noticed but it is great to see that the posts I make stimulate thought and diverse opinions!
Sometimes I even get it right!!
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