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Monday, February 6, 2012
FTSE Trading Report - 6 February 2012
Friday saw the FTSE end the week with a positive outside trading range when compared to the previous week. This is a bullish signal and indicates we will see further buying above 5900 in the very short term. I am treating this latest run of buying as a 5th wave extension which is near completion and a final wave of buying above 5900 would fit well.
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