Sunday, 22 August 2010

s&p

Looks very similar to the 2007 top,with a 1,2,3 reversal and crossing of 13,21 and 55 sma's.Currently 13 week sma is below the 21 and 55 but 21 has not yet crossed the 55.Weekly trend has turned down with this weeks lower low,confirming the 1,2,3 high...fast moves come from triples !

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