daytrading may 18 afternoon, page-93

Just noticed a charting similarity between the last Greek plunge (July 25 to Aug 9 2011) and this one. An initial wobble followed by a brief consolidation and then a cliff-fall.

That total fall was 568 points from top to bottom versus 389 points at today's close. That suggests another day or two of this to come, but history doesn't repeat exactly. Be lovely to see another clear-cut reversal candle like the Aug 9 kangaroo tail. If only it was always that easy.

Have a good weekend all - we've earned it.