Jan 29, 2010

FTSE100 - Elliott Wave count

Our friends from UK already made their five waves down on FTSE100 index. My expectations are for corrective bounce up to the red target box next week. Full moon is coming :)))  I mean the moon has the power to make  flood tides and ebbs.
 After more than two years,  I am sure, that the full moon has the power to influence upon the stock market as well every month,,,, with no exception.


5 comments:

Antony Lehmann said...

This wave count is almost certainly wrong because the falls in the Dow Jones and the S&P500 late on Friday imply a new low (...possibly a gap down) in the FTSE 100 on Monday morning.

Milen Kolev said...

This wave count is almost certainly correct till this price point in the post. Yes, there was few more points down- kind of a expanded fifth or..????.I haven't paid attention to the wave structure yet. I will adjust my wave count Monday morning around 10 (GMT+2). And if the gap is down will be closed shortly.If up, second one is on the way.
Thanks, anyway.If you have something better ....you are welcome !!!

Antony Lehmann said...

Looks like I was wrong - well done with your count. I must learn to be more humble in the future!

Milen Kolev said...

It's OK. I am wrong often too. Human beings are too sentimental to be perfect. Keep on commenting my work- I like it!

Transcendent Syndra said...

Great post tthankyou