tuesday sell off?, page-5

Some charts that show that bot the DJI and XJO are approaching critical points. Technically we should see a correction shortly and by my timing we are looking at between 15 and 19 November.

DJI Hourly from the 5 October - shows an upward channel



DJI Daily - pitchforks shows the top range kissing one of the upper forks - are we heading for a double top on the DJI Daily?




DJI Weekly Show that the double top is 61.8% of the major move. Price has gone through the important 50% and the 61.8% and double top is the next test. If it gets through that level then we can look higher.



XJO Daily - standard error channel plus fibs.



XJO Weekly - shows the fibs on the big move from 2003-2007. Chart shows that we are approaching the important 50% level.