Broken Record – Another Top?

Posted: August 24th, 2009 under Predictions, Stocks.

I’m beginning to sound like a broken record endlessly repeating the same forecast (skipping CD for those of you too young to remember vinyl). Again we got the turn lower as expected but again it proved to be a false summit. Short term spirals are aligned again today, and the reversal day and bearish gravestone doji candle are all compatible with a top. Click the chart for a full res version.

Stocks – SPX

Spiral Calendar alignments for SPX for Monday August 24th, 2009

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