27/01/2014

FTSE month 11:02. IMPORTANT. Could be the start of the correction and the bull market. WARNING because FTSE use to show the way for all markets the last 30 years.

Monthly bar chart. This picture does not look dangerous at first.









Month line. If we get a monthly close on Friday around here or lower we got at double top in a monthly chart. The top also is The fifth wave on the chart. The 8 MA is losing steam for upside. Here a correction can start easily and also be the final top in the uptrend since 2009. WARNING



The double top on this chart explains how I see the possible continuation of the line chart above. 

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