RUHROH? <a href="http://content.screencast.com/users/UATrading/folders/Charts/media/c76fa402-6bfd-4784-83d8-7127f8cab79d/August%202011%20Vs%20January%202008.png"><img class="embeddedObject" src="http://content.screencast.com/users/UATrading/folders/Charts/media/c76fa402-6bfd-4784-83d8-7127f8cab79d/August%202011%20Vs%20January%202008.png" width="1510" height="1355" border="0" /></a>
Very nice chart. Let me add something else: (P.S.: We all know why you're here... To spy on what the crowd thinks)...
lol I am not predicting a crash XD In fact Im long right now. I trade what I see in the market, and this was just a coincidence I found that I thought was interesting to look at. I would give a 5% chance that this pattern would follow through. I base most of my trading on a fundamental picture.....
you make a good technical case on a freely traded market. lest you forget, this market is not freely traded. there are no longer free markets, don't you people get it?
I get it The fed won't let the market crash, just reprint print print on any decline in the Dow... I just posted the chart as a coincidence, and if there is the slightest chance that it would play out, I'll be laughing .