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To: Rarebird who wrote (5229)	1/6/2010 10:38:25 AM
From: westpacific	Read Replies (1) of 26251

INDU 10280 breakdown and top is in.... Bearish December Megaphone Broadening Wedge; it has met its criteria of three top outs. -Broadening formations are only found in topping formations because they are the product of unrealistic expectations on the part of bullish investors. Along with the EW pattern, we have two topping patterns in play now. Should see a breakdown soon. Looked at so many charts showing Dome Pattern top outs this week; they are all over the place. Low 9000s at the least on the INDU; most likely lower on this correction phase. Will discuss that later. West

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