"Since we are counting this as a corrective bounce via the plan laid out on the Ftse100 speculative chart, we are laying odds that we either near enough completed the back test of the highs and will sort things out soon, or it is possible that we are just competing an 'a' of that backtest."
What we got was the preferred Blue path of the two possibilities that we were looking at, although there was not a lot of difference between them anyway, and both were looking for the same end result.
Going forward from here - the original analysis still holds, in that we think the markets are rolling over for a chunky decline in the medium term but short term analysis is still less clear and another backtest is still possible....but not essential!
We hope you have enjoyed browsing our website. If so, please sign our Guest Book and leave a comment!
Also, please be sure to sign up for our FREE E-zine!
A Free
10 part stock market beginners trading course. This trading course
offers an introduction to understanding how the financial markets work
and how to trade successfully.
What is spread betting (spread
trading)
and how does it work? Learn about the many advantages of
financial spread betting and find out where you can spread bet.
Learn how Elliott Wave analysis can improve your trading. Find out how
to access a Free 10 part tutorial for learning about the basics of
Elliott Wave analysis.
