is it forming an ugly head and shoulders, page-104

Typically confirmatory signals can be found across a number of international indicators. IN this case both the DOW and S&P 500 have IMHO confirmed "distribution patterns" or "tops". On the ASX listed stocks numerous technical indicators /chart patterns exhibit "roll over" to the downside which started about four weeks ago.

Late last week oil broke down. The A$ still remains in uptrend but looks extremely vunerable. Gold continues to "see saw" back and forth and the US$ is sitting in support about to bounce down or through a major downtrend line (50DMA).