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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