November 20 2006
http://www.mclarenreport.com.au/yvs5...ult.asp?id=890
Last week I was looking for the index to come back to the 1360 previous low and show us a sideways pattern of consolidation. That did not occur and the index ran to new highs and has now moved down one day.
If it can put on another new high and follow through without going lower it could spike up to the next resistance level of 1426.
There is still an
outside chance the November low could be tested and still show the sideways consolidation I forecast for this time period but that would take a
drop below the 1388 level as the first indication. If it can start another run without dropping below that level, then my forecast about consolidating the last leg up was wrong.
If it does
continue up then December 10 has a high probability for a top.
If we’re going to see the bull trend continue it needs to consolidate this move up now.
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Fibomäßig könnte - muss aber nicht - ein Top bereits vorliegen. Erst wenn dieser Trendkanal nach unten verlassen wurde wissen wir es: