Waves, Patterns & Projections (2004)

City Index offering +18 or 5637 so, IMHO, not much mileage in Buying FTSE at this juncture......could still be a Bolt-On and DOW not guaranteed to rally from c10710 especially if its on a three parter. For FTSE to get to c5797 in the current Segment, then the current fifth wave from 5489 will need to extend to c04.50% targetting c5736 with a sixth wave to follow. There must be many variations and we are in uncharted territory so a Segment tally of c12.98% is really just a shot in the dark. More reliable is probably the tendency for FTSE to change direction for the balance of January from its performance over the first few days of the new year......so I will probably now wait and see how high it gets to tomorrow.