Be careful here, we haven't yet gotten through the support as seen on the Microtrendlines chart of a couple of days ago, we could bounce here again and form the right shoulder of a head and shoulder pattern...So the big decline might be a little ways off..
The other point of view is represented by Dab Basch who still sees an imminent crash. He has updated his charts from last week, you can see them here:
http://www.safehaven.com/article-14888.htm
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Most of the analysts saying a top is in, and indexes are headed down. No consensus on how far.
May be early to declare top? Following indicates top may be in!
10/30/09 $NDX Weekly.
Dropped down, and sitting on top of Oct07 downtrend line.
Crossed below uptrend line from Mar09.
Crossed below 50WeekMA.
Slo STO - %D crossed above %K; %K exiting OB.
CCI - just exited OB.
Wm%R - far out of OB. = -52.
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