Elliottician and TA Thread

Newts I expect oil to go up to $120 not sure when but some time in the near future
this is what i think of the UKX at the moment.
the biggest mistake i have made anad others in the past, is the time it takes for a super tanker to turn ie the UKX we all expected it to drop when it reaches the top, but if you look back in history it takes many months for it to turn, even upto 1 yr or more , ie we consolidate a while at the top with 1 or 2 down movements but with rallies back upto the top or near the top and then , one morning that super tanker as turned. i see a big down movement either late Jan or late April.