FTSE IS THE FIRST INDEX TO GET A MONTHLY CROSS ON DOWNSIDE INDICATING THE START OF A BEAR MARKET INSTEAD OF A CORRECTION.

Of course there will be bottoms and rallies but to take out a cross by the 8 and 21 monthly MA is not possible. FTSE has been the leader of big trend changes since 1983 when I started. It gave the first signal in October 1987 for the black Monday and for the 2007 top formation.