I have labelled this monthly chart of FTSE which I hope clearly shows my reasoning as to why I believe the TOP is in and FTSE is heading down.
This new chart replaces my previous long term FTSE charts and shows that the crash 2007-2008 was the start of a much bigger correction in the shape of
an expanded FLAT which has just completed wave B and starting wave C which if correct will mean a HUGE drop!!!
Personally I am now short FTSE.
I hope this chart is useful and will gladly accept and comments + or -
Good Luck
This new chart replaces my previous long term FTSE charts and shows that the crash 2007-2008 was the start of a much bigger correction in the shape of
an expanded FLAT which has just completed wave B and starting wave C which if correct will mean a HUGE drop!!!
Personally I am now short FTSE.
I hope this chart is useful and will gladly accept and comments + or -
Good Luck