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Pastimes : The Philosophical Porch

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To: Rarebird who wrote (5659)5/7/2010 3:47:00 AM
From: westpacific   of 26251
 
Showed this chart a few weeks back and am now certain it is the right one for this move!



This is how I see it; Megaphones always breakdown after the E test; but we should at least test this lower band in this move.

Then we bounce or just keep going?

Classic Distribution Top Pattern!

Note...yesterdays selloff can be seen in the 60M INDU chart; the minute it sliced through key supports programs all kicked in based off those levels and took the market down. There was no system problems; just robos and not humans trading!

West
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