Is history repeating itself from last year ?? Today we have witnessed what may be interpreted as a breakdown of a broadening top complete with nasty gap. Could this mean that capitulation is at hand ?? At this stage of the pattern last year we had a few nasty days and then it was all over red rover....even if we look back to Martis's (now world famous) broadening top of 2007 the initial break down into Jan 22nd 2008 was nasty and was followed by a slightly lower bottom in march and then a strong rally up into May that convinced many that the worst was over. So perhaps, at the very least, we could see an important bottom of sorts in the next day or 2 ??
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