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This Is A Top – 3/25/11

Yesterday, I wrote, “This is a top, no bout a doubt it.”

So then I post the hourly chart and it looks like this.

tvc_f9f6295f80dcc0351bed14d86bd0a0b5.png

And you say, “It looks like a bottom, Lee. So why do you say that?”

Because of this.

tvc_4e314be46480ecc60e443d4177beaf7b.png

I think we get one more bounce out of 3878-3875, then down the crapper we go.

tvc_4e314be46480ecc60e443d4177beaf7b.png

At the moment, there’s a 5 day cycle projection of 3860. We shall see.

This is a syndicated post, which originally appeared at Stool Pigeons Wire at Capitalstool.comView original post.

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