Thursday, January 26, 2012

History repeats or rhymes..fractal?

Looking at the DOW daily chart

The action so in the red boxes looks pretty similar.  Plus we have total disbelief in the rally so far, so expect a dramatic push up for a short term top as happened in the 1st circled area of the 1st red box.

Then a similar fall to encourage longs to sell and short sellers, before the market rallies again.

So on a big push up would probably be right to sell/short the market..BUT be prepared for a bear trap!!

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