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Sunday, May 2, 2010

Finally a top?

We've had two 90% down days in the last week thanks to Cobra heres a chart link.[s128363142]&disp=P Which is a good omen for the bears. The RUT made a lower low which is also a good sign for the bears. On SPX you can see a big H@S formation with the neckline at 1180. I'll be watching the 13 34 ema's to confirm the downtrend.
Also looks like a could be a 1-2 1-2 down channel we shall see.

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