The NYSE and Its Many Diamond Tops...Market Update 09/12/10

Hi,

Here is an interesting update on the prevalence of diamond tops that have developed in the NYSE over the last 20 years and their remarkable historical performance reliability of returning to their launch point an astounding100% of the time over the last 20 years based on the monthly charts.

Most disturbing of all is the very large diamond top that has formed off the launch lows around of around the 1000 level in the NYSE. This pattern with a 100% reliability rate based on the last 20 years of performance is now telling us that this very large diamond top on the monthly NYSE chart is about to start a decline that will take this index all the way back to its launch - a level of 1000 points or possibly below - 70% below current levels!.

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Thanks for viewing!.

Category:

Education

Tags:

• topping pattern
• stock market crash
• elliott wave
• elliot wave

[chuck3377]

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