S&P

The market is oversold and almost completed a measured move equal to the last 2 most recent ranges,suggesting a rally may occur from the 990-1010 area.However  the trend is now down and a crash scenario is not impossible.Time to bring stops closer if short.

 

1987 fractal

This c hart is from best online trades website
http://www.bestonlinetrades.com/20100702/it-feels-like-a-bull-market-in-reverse/

Apple

gold/silver

Big move yesterday.Look vulnerable to further profit-taking (or forced margin liquidation/stockmarket spillover effects)

Ftse future breakdown from bear flag

I posted the bear flag chart a few days ago........successive black canles undicate extreme selling pressure

1930's chart

Not wanting to be alarmist but there are disturbing similarities in the cycles,so one to keep in the back of one's mind.The "we are here" annotation is out of date.

RRS