dead cat bounce and gann angles

The big market climb earlier this week is looking more like a dead cat bounce from hindsight. The reason for the rise, as the media puts it, was the confidence that the Euro Govt were committed to do something.

In terms of fundamentally whats wrong with the world finance, nothing has changed in the last two weeks. All the signs point to big trouble.

I've updated some Gann Charts where the Gann Angles can be used to see where is the most likely support. The charts shows that if there is to be a support, it may come as near as Oct 2011. However, if it falls through this, then it may fall much further. The Gann charts are shown here:

http://ozstock.blogspot.com/2011/09/technical-analysis-dow-and-all-ords.html