DJI - Very bearish action friday

The action seen yesterday was very bearish. Thursday
we broke back above the trend-line support giving the
bulls hope that this was once againe a flase break, but the
the break back below the trend-line and the close below
doesn't leave them any hope (or ta least shouldn't), but I'm
they are hoping and we should let them hope and suffer.
Monday may bring a small rally, which should be the last
chance to get out of the way, but we should see a 10-20%
loss before entering the next minor low close to November 13.

The VIX Index saw a very clear breakout on friday too,

calling of a increase in volatility over the coming months.

The USD Index has broken out of its falling wedge calling

for a substantial rally. A break above 77.50 would be very

bullish for the USD and wave [C] should take us back up

to the 90 area over the coming months.

Just wante to show the EUR/USD pair, as we have seen a

break and close below the trend-line support at 147.19, which

has activated the bearish wedge calling for a decline to

the 120 area. Will we see a move down to the 144.45-144.75

area a minor rally back to around 148.50 and then the big Bang?

Time will show