the melancholy of a chartist, page-2

Nice chart and analysis foxtrot.

Might we have seen a blow off bottom yesterday?

Next couple of days will tell.

Price DownVolume Up (PDVU) in a down trend this may signal that a change in trend is likely, as we saw with the Blow off bottom there might be a huge selling climax, then the trend adjusts from down to sideways or down to up.


The SP overshot my 38.2% fib level by yesterday but not by much and rebounded throughout the day. 32.8% level still holds strong in my view.


Hold strong folks this is nothing new to trends.