Thursday, October 01, 2009

Collapse part II

Here are three views of today's action, based on the SPX:

Daily


Daily close-up


90 minute


It was the break of the trend line support that we were looking for and that break has occurred this morning. Expect a reflex rally to kiss the line from underneath, then total collapse.


A

2 comments:

Anonymous said...

Allan,
Thanks so much for walking us through this....well, so far so good.
JBG

Anonymous said...

Are you sure you didn't have a heads up from a certain secret society :)