friday, page-10

ehsaale,

It seems to me that it is not uncommon for indices to give resistance a really good retest after breaking. We saw that post July 15 when the DOW and SPX reentered the rising wedge after breaking down. We also saw BHP build a whole extra right shoulder after busting the neckline initially....ultimately both patterns played out as they should. I think this may be the case here. Already this morning the XJO has had one crack at 3960 from above and may shortly have another.

Things are playing out here and in the US as they should.....just not as quickly as we expect they should