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FTSE

22 Aug 2013 ‚óŹ 04:08 AM

FTSE - the only European index with a clear 5 wave decline in June. The long term chart shows an expanding triangle from 2009 completed Wave E almost touched the upper line.

ftse220813

In the short term wave 2 retraced 78.6% and gave up, Europe should remain in trouble in the weeks ahead. Britain should be particularly weak.

ftse220813a

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