23rd Sept 2011–Pattern Study–The missing piece of Dow Jones !

Ticker:

 

1. DJIA

 

Topic:

 

1. The missing piece of DJIA!!
2. The repeat of History??!!

 

Lesson Learnt:

 

1. The pattern looks so much similar.
2. MACD dip into below zero territory similarly.
3. Both patterns also hovering between the weekly 200MA and 500MA line.
4. Weekly index also looks like going to do a double bottom just like before.
5. If all these turn out to be true, looks like we are going to have a strong but short rebound maybe as fast as tonight or some time next week.
6. After that, we will then fall into the TOTAL ARMAGEDDON state -- a TOTAL CRASH !!!

 

Intraday Chart

-NA-

Historical Chart