A significant high is due for the broader European averages this week as indicated by the FTSE. Exact LLH static cycle scheduled for 4/19. On a short term scale, FTSE is now in daily w5 of 5 territory. Once the top has been established, there will be little respite on the long side into late AUG/early SEP, when a panic along the lines of OCT 98 and SEP 01 is projected.