Would any good technical analyst please tell me what the FTSE100 index (in UK), will do in the next 30 days?

Question

The FTSE100 is the major stock market index in UK and its value on Aug 16, 2006 was 5897

Please estimate what it will do during the next 30 days and your confidence (%), in your forecast

Plese also indicate your job or credentials for giving this opinion.

As you know there are great doubts on the merits of technical analysis especially from academics and I am a doubter my self. But I stand to be corrected.
Thank you in advance.

mikebironneau has made a valid point.
If you prefer, please take instead the Standard Chartered bank.

Answer 1

Technical analysis is best applied to an individual stock when fundamental factors remain relatively constant over a short period of time (usually up to 30 days). Any change in fundamental factors affecting a stock's price will usually invalidate the technical analysis (e.g. an earnings surprise). The FTSE100 is an index made up of a large number of different companies, and there are too many factors that change on a day-to-day basis to predict its direction using only technical analysis.

Answer 2

Having into account that quite big mining companies belong to that index and that there was a big selloff in May-June I think it will rebound 5% in one month. So in September 16 should be at 6192.

I am a self-educated individual investor.