Not a true double bottom but lets play anyway with an ABC anyway
A - March 03 Low
B - Nov 07 Top
C - March 09 Low
Interesting as I think the trade will/would fail in line with 2013 suggestions and decennial chart, so if you look at the 50% failure mark, it comes in at 5211.5
IF you were to break the March 09 lows, the only way IMO to do that would be a lower double top at recent high levels 90 days apart, and even then as per above the trade can fail at 50% level.
Early stages but I would be putting some money on the decennial playing out and longs odds for 2013
Write these in your little black books for future reference :))) Feb/April 2015
8362
9412
11513
Might update the world markets doc's before monday, quite interesting given the time span between the first 2 glances on charts
Regards
Rob
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