If that expanded flat i posted on the FTSE earlier today is valid, the bears could well be in deep sh*t :-(
And the rise up can easily be counted as impulsive as ive mentioned several times. As its 5 waves up and pretty much done with all indicators pretty overbought, it will be interesting to see how this now drops. Will it drop like a wave 3 does, fast and furious, or will it be a slow grinding wave 2. I'll have to make a decision when this happens as to whether i keep my shorts running , or take a hit and close them
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