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Public blog posts only as education and entertainment. private membership market updates reflect my view and analysis of the market. The information contained on this website and from any communication related to the author’s blog and charts is for information purposes only. The chart analysis and the market comments do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor. And i absolutely discourage trading options.

Tuesday, January 24, 2012

major market top

$gold has made a wave-C top at the upper blue pitch fork with a bearish red rising wedge.

intermediate term, $spx, $rut, $indu all turned from their corresponding important IT resistances.

medium term, $spx, $rut, $indu all apparently have completed their corresponding expanding triangle diagonal structure.
the initial short term target is the lower black expanding trend line.

micro term, breaking down from the short term bearish head and shoulders pattern.

$vix also has bottomed at the blue trend line and mid red pitch fork supports with class A bullish divergence.