FTSE 100 Elliott Wave Weekend Review (posted late)

This is my interpretation using Technical Analysis and Elliott Wave Theory to look at the FTSE 100. Elliott wave is my prefered tool when looking at the stock market, I believe that it can work to reflect the "psychology" of the market quite acurately.


I am NOT a very experienced trader or technical analyst, but I am very interest in developing my skills and welcome you to share your experienced and advice so that we may both learn from it.


http://elliotticians.blogspot.com/

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Please let me know what you think and feel free to leave questions or general comments either on here or on my blog.

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[Andronichuk]

Yeah I know he is very very bearish...

I am not certain I am quite as bearish..

but certainly taking his view into consideration.

I would be caucious about his timings...

he can be quite good at direction, but his timing is too often premature.

Thanks for popping on to comment on this one though, will try and post another one tonight...

ftse count getting abit messier...

but so far still holds...

US closed today and light volume can do wonders lol

[Schweizer135]

Just so you know, EWI (Prechter) has us in Primary 3 with a target of the equivalent of 500 on the FTSE by early 2011. A massive debt default implosion that the money printers (central banks) can't stop.

The big drop will come when the 200dma is lost.

[Andronichuk]

I possibly made a counting mistake...

it may be possible that the roman numeral degree wave "i" is in....

and this mornings open may be the "ii"...

move below friday's low may be sharp!

Key upside level: 5530

move above this would bring the count into question

Best of luck with trading this crazy market :)

[Schweizer135]

Awesome!