bear market remains in force, page-14

Goblin

A little respect for the guru voltaire please. If he uses dice I would still listen (but only a little)

Long short, long, short , long. Nice scalping conditions.

I guess you have noticed how its oscilating between 4906 (0.618 of the last leg up) and 4962 (0.236 retracement of this leg down). Interesting. Id say we might bounce up to near 5026 (the 0.5 of the last leg down). This would allow the right shoulder to form and to work off the oversold condition.

I just noticed something interesting. A 1.618 expansion of the forming heading and shoulders would give me a target of 4778. The low so far is 4758 on the 14/6/06. This would give the market potential to double bottom. And then what?