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Thursday, January 21, 2010

FTSE 100- The triple zig-zag wave [B] has finished



Both of the big European indices has finished their triple zig-zag wave [B] calling for the onset of wave [C] that should breake below the bottom of wave [A].

Short term next important support is found just below 5,200, but we are only in the very beginning of the new downtrend.

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