FTSE

Diver Thanks,

Respectfully have to disagree....

Primary 1 @ 5833 - Primary II - (4791 )50% retrace, current wave Major 3 of Primary III which is sub dividing into 5 int waves - i-ii-iii just may have completed @6535, iv in progress & v to follow to complete major 3 of Primary III.

PII was also an ireg Flat which is bullish in nature and the results are here to see, a ftse breakout from those lows, expect new highs later on in the year and certainly wont be bearish until this time next year....

5605 was in between .447% @5617 & 50% @ 5580 from top of int 1 @ 5932 - major 2 low @ 5229 of primary III - enough to qualify.

as for wave 3 (major) - 1.68 from major 1 - 5989-4791 comes in @ 6730 approx, which is still in progress imo

there also other tell tale signs and indicators that suggest my count maybe correct, maybe for another day...

so no ...i dont believe this to be in error and more than happy to go with it, its kept me on the right path for some time after all as you say time will tell.

ALL IMHO

it is these opinions that make it fun for both bulls n bears....

A bull until price tells me otherwise.

regards WS

Theres so many different ways to do the waves .It sure can get confusing I broke a lot of the Elliott rules when i was doing the counts. It can get real complex or real easy. i like the easy way round
its good to see a lot of people trying them out now.

just for fun and something to keep an eye on

dl.dropbox.com/u/40497882/FTSE%20EOD_Daily.JPG

I was actually referring to your internal labeling of what you are labeling (111), from 5605, and not the move from 4791. However, for guidance, a 50% retrace of the move from 3460.7 - 5833.7 is 4647.2 and not 4791.
Because my labeling contains ABC's does not make me a Bear. Far from it: overall I remain bullish until the main supporting trend line is broken. However, in the short-term I do expect a retrace to at least 6179 - 6084.

Yep agree with that diver.

Cheers WS

going to plan ? updated chart - worth watching that area of congestion ...

dl.dropbox.com/u/40497882/FTSE%20EOD_Dailyv2.jpg

dl.dropbox.com/u/40497882/FTSE%20EOD_Dailyv1.jpg

WaveSurfer wrote: just for fun and something to keep an eye on

dl.dropbox.com/u/40497882/FTSE%20EOD_Daily.JPG