Bonsai,
Just back in to find that the Ftse still isn't too strong. I think the news probably pushed it further than it was ready to go, so we might see another push up to the EOD. Price still someway short of a new high though and another high now would look like wave 5 of 3, suggesting a wave 4 pullback then a wave 5 to a new high at the end of the year.
Although I'm trying to predict the turn points, and it's working quite well, the narrow range means having to take each day as it comes. On a pattern basis, a sell-off tomorrow after either a high EOD close or a gap up looks most likely. We're still some way off the top BB though, whereas the Dow/SnP are some way through theirs. or will be! Short-term Dow target was 10197, which the futures hit overnight, but the cash should get there.