Danish OMXC20 - Top in place

This one is just for fun:

The Danish OMXC 20 index just had a perfect back test of the big Shoulder/Head/Shoulder top neckline, that was triggered in October 2008. The rally since the bottom early March 2009 has been a double Zig-zag. Wave C in the first zig-zag relatede to wave A, as wave C became 61.8% the length of wave A. Wave A2 in the seconde zig-zag relatede to wave C2, as wave C2 became 1,618 times longer than wave A2.

As the rally from early February has been very steep expect an equally fast a deep decline.

In the bigger picture wave [B] retraced just over 61.8% of wave [A] and we should now see wave [C] down to at least the 166 - 174 area.