another subprime victim, page-149

One thing I have been thinking is a triangle consolidation period after all this madness. There are a few options but they include a descending triangle with support at the recent lows, an ascending triangle with resistance at 5870 odd or a symmetrical triangle with 5187 and 5870 as the extremes. I've drawn them on your chart hardball. The next move should give us a clue.


Red= Descending
Blue = Symmetrical
Green = Ascending