is it forming an ugly head and shoulders, page-73

i tend to agree with brighton - i.e. we are yet to see a fifth wave down.

just read an analysis of one of my favourite posters where he presents an interesting comparison with 1940....the djia also had a contentious golden cross that coincided with a head and should formation. for those interested, this is the link:

http://www.traders-talk.com/mb2/index.php?showtopic=108011

from my analysis, i am still anticipating a low of sorts in mid july. however, any rally we get at that point may be brief with another potential leg down into mid august. of course i could be wrong and am not taking huge bets here.

range trading can kill bank balances if held for too long.....and that applies to both the bulls and the bears. i guess that in part explains some of the angst we've seen played out here as well as in the media. being right too soon can be just as painful as being wrong.