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Monday, January 11, 2010

FTSE - Topping action?



Was just 10 point below the ideal target at 5,610, where red wave c would equal red wave a in length, at the same time we have a clear Shooting star indicating fading momentum, but we need a break below 5,494.75 to confirm a short term top and a test of important support 5,390. A break below 5,390 will be first serious sign that a much bigger dicline is ahead.

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