I warned you the FTSE 100 would collapse

March 26, 2018
FTSE 100
0 Comments
Thierry

The FTSE 100 is down more than 12% from the top recorded in January this year. I have been telling people to join my forecast service, I could see the FTSE 100 would collapse. Look what happened to the FTSE 100, I warned people several times this would happen, read my January article:

https://uk.investing.com/analysis/stock-markets-approaching-major-turning-point-200199308

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You will be amazed to see that Elliott wave analysis predicted the recent market decline. And things are not going to get better on the fundamentals. Elliott wave analysis anticipates a change in the fundamentals, my own fundamental view is bearish. I predict more chaos in the next few months. Whether we see a large rebound in the short term remains to be seen. With president Trump in charge anything is possible, but my members and I are well positioned to profit in the months ahead.

Recently I had two possible wave counts, either a rally to 7400 followed by a decline to 6800 or an immediate decline to 6800. Well, the index chose to go down immediately.