(Click at the pictures to enlarge)Lets take a look at FTSE 100 because I have and idea that the next part of the ongoing crisis could being i Europe and UK could well be the place. Quite a few of the Easten European countries could ignite the next face of the crisis too, but wouldn't it just be amazing to see the UK to be ground zero for the next face of the crisis.
As can be seen we need just one more small rise closer to 5,014 to end wave 5 of C and thereby end wave [II]. Wave [II] has been a double Zig-Zag, in the first Zig-Zag wave a and c was equal, whereas wave a was very strong, which normaly means that wave c will be just 61,8% of wave a, meaning a target near 5,014.
As we have seen for the US the positive sentiment in the UK has reached (and for that sake Germany) a level not seen since the top in October 2007.
The euphoria when in August The Business Confidence in UK saw its biggest quaterly rise ever was just a ball and pointing towards a top close at hand.
Will we see a top near 5,014? or do we need a rally higher towards the strong resistancearea at 5,096 - 5,163. Again it doesn't matter. It is time think riskmanagement and the risk of a wave [II] top and wave [III] to beging, as this wave will be very powerfull.
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