The triple top pattern that seemed to have formed on Monday did not hold,with a strong break through resistance.Yesterday was a doji and the market is facing further resistance from the ema,s and the 61.8% retracement.A lot of bears are capitulating but this still looks like a bear market rally........those looking for a "right shoulder" to form may be proved correct.The Russell2000 did not break the previous high,setting up negative divergence.Similarly in Europe there was negative divergence,with the Dax being strongest,
Potential Gann square on ftse250 : June2008 low-360 degrees/7200-10800= 3600 points.
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