Posted below is a series of charts that show perfect hits and reversals at important trendline/channel resistance. Per the previous post, I would expect a retest of highs or lower top on or near 6/7/13 before the expected larger down move gets underway.
Sentiment-wise, here's a post I found on someone's blog last week:
"what are the chances of this market going down??? how about Z-E-R-O???"
Kim Rice 5/22/13
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHD0QOwDkfjwQkVdauHt9a1R_zUbUL90YtUvCYgTesY9-Iy9hxJM72IDJafo0MYuGreFN10dDJvebKHmUioRPaEF4BAXb1fQoDjFFhn0GdDEYAkH9GzTpKYZnHk-cahdTgCKQ4omUjFgQ/s320/Russel5-22-13.png)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi6p6awrGXL13_CRWqh_NmPZ2qmMd9eXBliHRYQaX6BkOAF8d5iOO6QYLjcRYbUB-ycgjs-q3xVe0Z5e8Cs6tK9j4g3bfA8kxpAtr03RF1zVIjtFDE0F_8m33PB3J6ELXMDmpF0g6wCS74/s320/OEXchannel.png)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgnN5aFPVdYxTItMxIXeEtjYPaIHIvfxud5xzs_NybvgNdQhacsQqQ0Npg27UHxM_WEzU4ngKIbb6Z3HP2RwmUU9E_XD8pna5PT9f8tomUYunmWBlXJmc1w7mn61ATjt6JwSn2sORYuKfA/s320/Instindx.png)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgbfaTOZKpIoGmX7eq3pGcl95jZ6pOYZaCLy-zt_vMzmH88eNPZGc_fLxt-50L_ATG5wYCdP3h7m6sso-vUTyPByxC64fd9O1rrBeS9K_URLnkxICTGYyvMMa56N24bCjdURy5GCBzmjEs/s320/IWCchannels.png)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgBMiZmP9wC0XofKGak-9LHGlX-jsQ3PH0gvRkkT2A4Hn6dS-nvFU5tNdFVFt1CWi75-mkPnm8XlhKgDMgNXlsLdB76_XULS946pf2gMHTUbzsL8htx2Gjy30PNHNosIx_zb8z4tdHSeq8/s320/DJIAchannel.png)
No comments:
Post a Comment