Final Count Down in a new downtrend channel which we may see soon

Final Count Down in a new downtrend channel which we may see soon ~ Markets reversed at note SPX 810 and Qs 31, and sold off going into close. Futures are showing volatility ES/NQ off 1.5% +/-. So far market actions are consistent to the final count down 3-4-5 going into mid year. With volatility, we may see VIX/VXN breakout tomorrow.

Final Count Down 3-4-5?

http://www.youtube.com/watch?v=0ZkllM8znx4

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36703320

$COMPX 1554.47
$INDU 7725.36
$INX 810.48

DIA 77.23
IWM 43.31
QID 48.70
QLD 28.05
QQQQ 30.95
SMH 19.09
SPY 81.08





http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36678314

VIX/VXN Breakout attempt
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33366725


Market actions going into close is encouraging: Inverted Hammers and doji

Markets are entering to the Q1 earning reports in April. After markets rallying 20%, looking for more to upside without a decent pull back is illogical. With the market volatility, SPX 100 point delta is becoming a minor event nowadays. The SPX 100 point difference between 555 and 666 is about 100 point difference which is about 20%. With the volatility, the 20% move in two weeks is not a surprise as we have seen during March.

Markets are showing negative divergences after rallying 20% off from the SPX 666 low on 3/8/2009. The initial thrust from the low has shown strong momentum; however, the last two week rally was showing weakening momentum and price/breadth was overbought. We had very light trading volumes today before the sharp sell off going into close which is another sign of ST top formation closing the day with reversal formations of Inverted hammers and doji.