Waves, Patterns & Projections (2004)

FTSE duly touches 6171 and from there requires a second Up wave of just 03.19% to reach my Phase high target of c6368........however gotta fancy it to drop a fair bit lower as surely DOW will register at least a sizeable break day Down (either today or tomorrow) and futures are currently flat. An initial drop to c12398 for DOW might then be followed by a strong continuation Up for America and give FTSE the impetus it needs but, if that does happen, we are looking at a very painful Jan 2007, IMHO.