Same big question as with DOW and SP500. Will the trend go up to the 2007 top now ? The answer is the difference. DAX and FTSE does not have a fifth wave and the 8 MA is below 21 MA and there is not cross yet for DAX. FTSE however seems to be in a worse situation. The 8 MA is not only below 21 MA it is also moving sideways. I see coming difficulties to make a cross on upside. To me it seems more likely that the 8 MA will turn down within 2 months and go into a falling market. Since all main indexes follow each other in a bull or a bear market and the chance of FTSE falling is bigger than DOW's chance of uptrend my conclusion must be that I expect the start of falling markets from mid August to mid October.
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