The index is in a short term downtrend since Sep07 .. In the intermediate term, there is an absence of a trend .. The important area of concern at present is whether (a) the short term downtrend is the early stage of a bigger downtrend, or (b) the short term downtrend is a secondary countertrend to... (more...)

In the intermediate term, the market is still making up its mind .. (point 1) break of uptrendline A .. (point d) failure swing confirms the end of the previous uptrend ..  broken pink line shows the index in a triangle pattern .. broken white line shows a possible unfolding head... (more...)