Jan 31, 2010

FTSE100 - Elliott Wave update

          The tape looks almost the same from Friday's close price. Fifth 5 wave seems expanded. There is one more alt. scenario, where the selling pressure might extend that fifth wave, breaking more important support level  5 096, but I think the skinny dipping will be delayed few days(week). Fifths  sometimes expand around support/resistance levels , where the battle among bulls & bears is stronger.
          See you around the end of wave (2) or (B).

1 comment:

Nicolas said...

This is a great post thanks for writing it.