After a bear-market rally testing the former support, which has now turned into resistance at 442.51 we should soon see the bear-market resumed for a decline towards next support near 376.I regard the rally from the March 2009 low at 210.32 as wave [B] in a big flat correction and wave [C], which is in its early stages should ultimaltely take us below the March 2009 low (see the chart below).
At the chart below (Quaterly) I have drawn both several pitchforks. The dominating being the fat red pointing towards a test of the center-line.
I have also high-lighted some of the important chandles seen since 1993. It began with a "Morning star" formation. The top in 2007 was a "Hanging man" and the top that has just been put in in June was a "bearish engulfing" pointing towards the end of wave [B] and calling for the beginning of wave [C] down.
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