The Rebound Begins... FOR REAL!!!

Like I said, I have never seen a real market crash before and this is no exception. The Dow formed an extremely important signal yesterday... a dragon tail formation with SELLING CLIMAX! The problem why the dragon tail formation back on 10 Aug failed to stage a full scale rebound like it did on 14 March was that 14 March was also a SELLING CLIMAX! A Selling Climax is a huge volume surge in a single day at the bottom of a down trend. A selling climax occuring on top of a dragon tail formation makes the rebound even more possible! Want more strong support? This set of signal is occuring right on top of the 200MA, which again is a strong support line. Also, when I introduced the dragon tail formation to the world on 14 March, I mentioned that the signal is stronger as the tail is longer... now, look at the dragon tail formation today... is that a long long long tail or what???!!! :) Ok, there are a lot more technical indications supporting this coming rebound and I am not going to go into them one by one. In short, this is definitely a key reversal day, so, good luck to all of you who still believe the market is going to crash!


Dow Technical Chart By Best Charting Software TC2007!