Thursday, 28 January 2010

FTSE Count


Back to the triangle which worked pretty well

Using Fibs as per Ratio Analysis in the EWP book:

Target for Wave C, i had 5284. It did 5292
Target for Wave D, i had 5214. It did 5199, spike to 5190 due to news but settled at the 5214 area

Target for Wave E, i had 5254 but that ended up being the target for A of E. It reached 5283

So all in all not far off and if you shorted from the C or E waves highs you be in a better position now

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