Gosh, I'm still obsessed with the idea of us flushing down to the 30-40s.
So long as we stay below yesterday's peak I'll be, as we seem to have successively formed two lower highs (and thus 3 peaks) since the Bernanke announcement. I'm referring to continuous chart (I've one showing 240 min) rather than intraday's which has a double top formation. Conversely, intraday also has a massive inverse H&S spanning most of June which to me doesn't look particularly bullish (or bearish), unless we break through 90s (a lot of these formations fail too, and my bet is that in a corrective phase, a lot of these bullish formations fail).
So long as we stay below yesterday's peak I'll be, as we seem to have successively formed two lower highs (and thus 3 peaks) since the Bernanke announcement. I'm referring to continuous chart (I've one showing 240 min) rather than intraday's which has a double top formation. Conversely, intraday also has a massive inverse H&S spanning most of June which to me doesn't look particularly bullish (or bearish), unless we break through 90s (a lot of these formations fail too, and my bet is that in a corrective phase, a lot of these bullish formations fail).
