Quote from Pekelo:
We have a doubletop on the daily charts, best can be seen on the NDX. I am watching for a possible dragon failure. On the SPX the Height is about 32 pts and the SMA is around 1110, where the Failure could/should happen indicating a 3rd top around 1140.
The NDX's doubletop is much nicer, pretty much perfect. Yesterday it already bounced back from the SMA 9, although the dragon math was a bit off. The Height here is about 65 pts, and the bounce happened after only 20 pts drop, but right on the SMA (where it usually happens). So based on the NDX we could say that we already had the Failure and 1880+65 here we come....(well, the math should be done from the theoretical Failure of 1870, so 3rd top around 1930)
