shorting into option expiry, page-123

Robbbb.. I'm still a bear ..with the bear suit zip undone a little atm....its starting to get warm in here...

The DOW

1. The bigger time frame shows the angle on the bear market to date (pic is a close up) My way of looking at it is... the main trendline here touches the Nov & Jan highs and the recent high as well as a collection of touches since July 07 (same as 9lives forks)....I consider this the epicentre...4 attempts now since Oct 08 to get over...big resistance

2. Up channels from the Nov Low providing resistance as well

3. The bottom trendline from the recent wedge is under fire but still being tested

Of course the main test of balance was witnessed here on hc today....when you and 9lives started snarling (like a bull and a bear) over the last 50 points on the DOW last night.....thats when I knew we've found the true equalibrium in the market