DJI - More evidence that a important top is in place.

Soory for not really being online yesterday, but I had a very busy day and evening.

Still got a little time to look at the charts thus and I found even more evidence that the wave [B] rally is over.

The simple evidence is the negative cross-over in the MACD. This is the first cross-over since the March 22, 2009 cross over underpining the negative outlook.

Whats more interesting is the two time issuses. Wave [A] took 74 weeks from top to bottom and wave [b] took 61.8% of wave [A] (0.618x74 =45.73 (46 weeks)), adding even more confidence is the fact, that wave C of [B] became 2 x wave A of [B] in duration.
Wave A took 14 weeks, while wave C took 28 weeks.

All facts adding confidence to the important top scenario. Looking at the short term picture we just need one more new low below 10,158.47 to confirm that a five wave downmove since the 10,729.82 top has been seen.