Red

Even if the bull flag plays out, I don't see it going very far back up. Maybe to form a double top. I'm still short and will stay that way. More selling is coming, as all the charts are now starting to line up pointing in the same direction… down.

Could you post a pic?

I see the 15 having ticked down over the past hour. But I play the NQ.

We have hit cyclical support on the 60 and are ready to roll. The divergence of the Ergodic shows a continuation of the downtrend.

There is too much talk of head and shoulders on the web. Cramer's headline made me nervous tho'.

The only problem I see right now, is the 15 minute chart. It's acting like it wants too stop going down and instead roll back up and go positive again.

That's why we are forming this bull flag on the 60 minute chart (and all the lower time frames too). We need this bull flag to fail, and head lower into the close.

We could rally here, but the uptrend looks pretty broken to me.

I think you got in at a good time.

BP monthly head and shoulders pattern target is a negative number
http://niftychartsandpatterns.blogspot.com/2010…

Nice…

It good to see all the charts line up together… pointing down!

ill try this one more time, 30m and 1 hr indicators did turn down, 2 hr 'flickering down'. normally a good sign to me that sustained downward movement is immanent

http://screencast.com/t/MzJmYTFiZ

Made some small adds and waiting now for dirction