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Friday, September 20, 2013

Elliott wave analysis of FTSE 100 - Long term count

FTSE 100

Marjan asked me for my opinion on the British FTSE 100 index, so here we go.

I think that we have been a major expanded flat correction since the top at 6,950.60 in December 1999. We saw wave A Down from 6.950.60 to 3,277.50 and wave B is still ongoing and has been a very complex flat, which I expect will end near 7,147 securing a new all time high, before wave C lower takes over. Wave C should end below 3,277.50.

For now stay focused for one last new high in wave v near 7,147 and then be ready to step aside.

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6 comments:

  1. UnknownSeptember 20, 2013 at 1:03 PM

    Hi EWS whats your outlook with DJI

    Great analysis this week and in advance have a great weekend

    Best Regards jt

    ReplyDelete
  2. Elliott wave surferSeptember 20, 2013 at 3:22 PM

    Hi JT,

    Thank you very much!

    I will take a look at DJI during the weekend.

    Also a great weekend to you.

    Kind regards
    EWS

    ReplyDelete
  3. UnknownSeptember 20, 2013 at 3:56 PM

    thanks EWS, I also expect above 7k, but to admit below 3277 seems to be very pessimistic. it would be a disaster for this market, it would lose more than half from 7147. but as you said, we'll stay focused to 7147 point for now.
    regards

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  4. UnknownSeptember 20, 2013 at 3:56 PM

    This comment has been removed by the author.

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  5. UnknownSeptember 20, 2013 at 3:56 PM

    This comment has been removed by the author.

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  6. AnonymousSeptember 22, 2013 at 12:13 PM

    Hello EWS,

    Could you please shate an updated count for GBP/USD ?

    Wish you a great week.

    Best regards,
    Panos

    ReplyDelete

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