FTSE, update. Imitation is the greatest form of flattery!

ftse 28 june 2013

Just four days ago we showed the and commented that there were three possible triangles in this structure from the lows of March 2009, and that the whole thing definitely had all the characteristics of a B-wave. In the new Elliott Wave Financial Forecast that came out yesterday this was about the only chart evidence that the boys from Gainesville offered to “prove” their argument that we had topped. Neither they or I often use the Footsie as a beacon for the rest of the equities and the fact that the top actually occurred on the 22 of May, now more than a month ago, makes it a less likely coincidence. Anyway, I will enjoy the flattery.