monday red or black, page-21

The SPX and DJIA are looking much more like continuation patterns than reversal to me now. Unfortunately the inverse H&S looks shot so next hope may be the double bottom. Would be great if they could get that done overnight and bounce so we didn't have to think about it. I've taken out an index short as a hedge but hanging on to the shares as imo the bottom is close in time at least. A good report from CBA or similar may be a better rallying point than the RBA decision imo so perhaps mid month as several technicians have pinpointed as a likely time.