I prefer not to refer to 'calling it'. I've never subscribed to the self congratulary back slapping that some people post, but occasionally I will post what I believe is relatively significant information about price direction.
These are not the crayons you're looking for......;)
Spooky ;) I'm waiting for the 'charts are useless' brigade....
This is a serious level for the FTSE and approximate mid point between a normal correction and a more serious correction which would take it to the edge of technical bear territory. If that were to happen then we could potentially kiss goodbye to 50%, and we could be back to 2009 levels.
That's easy to answer: They need a continuous supply of suckers to keep the myth alive. The entrance doors are wide open, with few visitors. The movie has ended and everyone is heading for the exits.....until QE, but then you can drink yourself sober....or so they say.
I see the FTSE was hovering around your call @ 6095 earlier. Your crayons are sharp. :)
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