In late September I said that this cross was at important resistance (Back testing the neckline of the big Shoulder/Head/Shoulder top) see the link below:
http://theelliottwavesufer.blogspot.com/2011/09/chfnok-at-important-resistance.html
http://theelliottwavesufer.blogspot.com/2011/09/chfnok-at-important-resistance.html
Resistance held up perfectly and the following break below support at 637.55 confirms that the next leg lower towards support in the 595 - 600 area is under way.
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