friday fumbles, page-46

you know, if you look at ftse 100 on a 10 year ig chart, the lower top of 2000 was 6680. Below that was a congestion band down to 6000. The actual top of 6935 was a one month candle wonder. RSI at 79 currently exceeds the rsi of the top 71. The point being that there are congestion bands common on all time periods, and the 6000 - 6680 band on ftse last 24-25 months. I find it a bit hard to believe that ftse is going to breeze through this congestion zone without a period of consolidation within that band. You know, if you were looking at an hourly or daily chart, would you expect some consolidation at this level? I would.